Tag Archives: EUR/USD

Technical Analysis

Last week we saw the greenback ending on the strong side and equities, eur, jpy and commodities on the weak side. We are mainly looking for more of the same given that EURUSD has violated 1.2825 = sub 1.2804 (possible 1.2770 enough for the day), USDJPY stronger resistance 80.68/85,

FX Market Technical Research

EUR/USD: Breaks And Closes Below Jul Trendline. Large dark candle on Friday reaffirms the bearish trend, despite the golden-cross posted on Thursday.

EUR/USD Analysis

Closed in NY at $1.2835, just off session lows of $1.2822 seen following the release of stronger than forecast US employment data.

FX Daily Majors

Today’s highlights: – EURUSD: Reverting to the 1.2882/70 support zone. We expect the market to break below here as well at 1.2803, to challenge the 1.2740 – 38.2% Fibonacci retracement.

Global Technical Watch – A stubborn bid in USD/JPY

Heading into NFP and the US presidential election, uncertainty in the markets is likely to keep EUR/USD range bound. The market is in the middle of a 1.2800/30 to 1.3025 range and lacking meaningful traction.

Technical Analysis

The dollar holds the upper hand despite improved stock market sentiment… EURUSD is still thought to test the mid/low-1.28s, while USDJPY is expected to take out the recent 80.38 high, for extension towards 80.56\63…

FX Market Technical Research

EUR/USD: Studies Firming, Continue To Note Golden-Cross. We continue to note the golden-cross of the 55-DMA and 200-DMA, now initial support alongside the lower Bollinger band and Oct 11 low around $1.2826 to $1.2850.

EUR/USD Analysis

Closed in NY at $1.2940, the rate recovered from a pullback low of $1.2929 after earlier posting a high of $1.2982. Risk sentiment from encouraging labour data was eroded by news that a Greek court ruled pension reforms requested by the Troika in order for Greece to secure more bailout cash may be unconstitutional.