Tag Archives: EUR/USD
Technical Analysis
The common currency ended last week on a clearly bullish footing and will probably begin the current week in the same manner. There are however some important resistances on the horizon.
Daily Market Technicals
EUR/USD: Trades Near Upper Boll Band – Studies Bullish. The pair squeezes higher and above the key $1.2917 level, which is the 50.0% of the decline from $1.3172 to $1.2662.
EUR/USD Analysis
Closed in NY Friday at $1.2972, just off extended rally highs of $1.2991. Japanese demand for euro-yen into the Tokyo fix sent this pair through Y107.00, with triggered stops extending move to Y107.14.
FX Daily Majors
Today’s highlights: – USDJPY: Initial failure at 83.09/82.99 resistance zone. Despite this we remain bullish and expect to see an eventual upside break and extension higher through 85.54 to 87.57.
Daily FX Technical Strategy – Dollar downside
The uptick in European equities is keeping near-term pressure on the US dollar and a low close (below 81.00) in the US dollar index would confirm a near-term top.
Daily Market Technicals
EUR/USD: Fibonacci & 55-DMA Next Resistance At $1.2911/17. The pair breaks above $1.2901 Fibonacci level — 50.0% of the decline from $1.3140 to $1.2662, but needs to clear above $1.2911/17, where former is the 55-day moving average and latter the 50.0% of the decline from $1.3172 to $1.2662.
Technical Analysis
EURUSD violated the 1.2882 res, making going into today with a bid undertone (one more high?), USD index wave pattern suggesting an upside turn from 80.50,
EUR/USD Analysis
Closed Thursday’s session at $1.2882 after correcting back from a pullback low of $1.2858, seen after rate was rejected from the $1.2899 level earlier in the day.
FX Daily Majors
Today’s highlights: – USDJPY: Approaching the 78.6% Fibonacci retracement hurdle of 82.68. Overextended to the upside, and thus we look for a correction back towards 81.13 before we target 84.19.
Daily Market Technicals
EUR/USD: Breaks Above 1-Month Resistance Line. Euro has broken above the 21-day moving average and also a 1-month resistance line, with break above $1.2876 seen triggering further short-covering.