Tag Archives: EUR/USD
Technical Analysis
FX seems relatively slow but has anyway showed a muted reaction to improved risk appetite… EURUSD should however find resistance strong in the 1.2820-1.2830 area (if not, then at 1.28551.2880)…
Global Technical Watch – Two trends among ranges
Among several markets that are trading near their levels of two weeks ago, two standouts that have trended more strongly are the Shanghai Composite and USD/JPY.
Daily Market Technicals
EUR/USD: Back Below 200-Day Moving Average. The pair is back below the 200-day moving average and more importantly trades below the 21-day moving average and 1-month resistance line at $1.2836/52, respectively.
EUR/USD Analysis
Closed in NY Monday at $1.2815, the rate recovered off pullback lows of $1.2800 in the US afternoon as markets rallied on better prospects of a fiscal cliff resolution.
Asia Today: No change from the BOJ but USDJPY holds firm
Asia was back on central bank watch during today’s session – one set of minutes and one actual meeting.
Daily Market Fundamental Levels
EUR/USD: $1.2850 Strong offers ($1.2846 – 21 dma) $1.2825/30 ($1.2827 – 6 Nov prev high)
FX Daily Majors
Today’s highlights: – EURUSD: Range bound between the 1.2803/44 resistance zone and support at 1.2662. We continue to look for 1.2844 retracement resistance to cap, with risk to 1.2502.
Technical Analysis
USD/JPY set back risk, €/£ bear flag, NOK/SEK lower… EUR/USD Seeking a sell ahead of 1.28… USD/JPY Bearish divergence… EUR/GBP Next attempt lower underway…
Daily Market Technicals
EUR/USD: Outlook Remains Bearish Whilst Below 200-DMA. The pair suffered a minor break below $1.2695 intra-day Fibonacci level — 76.4% of $1.2662 to $1.2802 and decisive break is seen extending downside to the 21-week moving average at $1.2658 and $1.2633/48, where latter is the 100-day moving average.
EUR/USD Analysis
Closed in NY Friday at $1.2740, the rate recovered off pullback lows of $1.2690 following calming fiscal cliff comments, after earlier posting a high of $1.2753.
Daily Market Fundamental Levels
EUR/USD: $1.2850 Strong offers $1.2825/30 ($1.2827 – 6 Nov prev high)