Tag Archives: EUR/USD
EUR/USD – set to break flag/trendline at 1.3009…then >1.3170
Textbook pullback to 1.2883 (1.2880) is complete and now the focus shifts to the daily bull-flag resistance and 2011 downtrend line which both align at 1.3004 today.
FX Daily Majors
Today’s highlights: – EURUSD: Support found at 1.2880 results in a rebound back up towards the key long-term trendline resistance hurdle of 1.3010. Above here is needed to expose 1.3140/72.
Daily Market Technicals
EUR/USD: M/T Outlook Bearish Whilst Below 19-Mth Res Line. The recovery back above the 55-day moving average and subsequent hammer candlestick is seen as as red-herring and m/t risks still seen to the downside whilst below the long-term resistance line from May 2011.
Technical Analysis
Big intra range swings….EURUSD bearish key day reversal Tuesday followed by a long lower spike yesterday questioning the reversal candle,
EUR/USD Analysis
Closed in NY at $1.2955 after rate had recovered off session lows at $1.2880 as risk gained a boost on the back of comments from US Pres. Obama and House Speaker Boehner which were seen showing a compromise was possible concerning the looming Fiscal Cliff,
Asia FX Analysis
The USD was held to narrow ranges through the Asian morning Thursday, while risk-sensitive assets also remained sidelined as worries continued about Greece’s debt bailout plan and the U.S. fiscal cliff situation.
EUR/USD – pullback to recent breakout & 50% retrace at 1.2883/73
Yesterday‟s rally to the 2011 downtrend halted the string of rally days in the Euro. Both short and long-term trends remain positive and the pattern from September is still best interpreted as a “bull-flag”.
FX Daily Majors
Today’s highlights: – EURUSD: Failure at long-term trendline resistance of 1.3010 suggests weakness back to 1.2868 and then the 200-day average at 1.2800.
FX Daily Strategist: Europe
– Fiscal-cliff jitters positive for the USD, but not for long FX markets are trading against a more subdued global risk backdrop with US equities closing in the red and US Treasuries trading firmer.
Technical Analysis
EUR/SEK traded distinctively higher yesterday and should test should test 8.6850 in the process. 8.63 should be supportive now…
Daily Market Technicals
EUR/USD: Bearish Key-Day Reversal – Risks Skewed Lower. Bearish key-day reversal pattern seen yesterday and inability to break above daily Bollinger band top (despite minor break above long-term resistance line from May 2011) – leaves risks skewed lower.