Tag Archives: EUR/USD
FX Market Technical Research
EUR/USD: Focus Turns Higher Towards May Resistance Line. The pair spikes higher, straight through the Sept 17 resistance line to challenge the upper Bollinger band.
EUR/USD Analysis
Closed in NY Tuesday at $1.3050, off earlier highs of $1.3061 and as the risk rally continued. Euro-dollar spiked higher after the New York close, boosted by news that ratings agency Moody’s was maintaining Spanish rating, although assigning a negative outlook.
FX Daily Majors
Today’s highlights: – EURUSD: Support is found at 1.2891 turning the focus higher again for through 1.3011 to challenge the 1.3074 hurdle initially.
Technical Analysis
Most markets seem tucked into ranges – EURUSD inside 1.2825-1.3072 is no exception… EURJPY is allowed to lift to test resistance on slightly better risk appetite…
FX Market Technical Research
EUR/USD: Daily Bolli Bands Narrow, Focus On Sep Resistance. EUR/USD ranging sideways within a flag pattern, while the daily Bollinger bands begin to narrow indicating decreased volatility.
EUR/USD Analysis
Closed in NY Monday at $1.2965, the rate recovered from a pullback low of $1.2929 after earlier posting a high of $1.2978. Euro-dollar ground lower in early Asian trade to $1.2942 before meeting demand in the dip, the pair extended gains and rallied to $1.2976 on hopes Spain could soon request a bailout.
Daily FX Technical Strategy: USD/CAD in a tight spot
The outlook for risk deteriorated late last week and a series of Double Tops suggest some follow through selling in the coming days.
Technical Analysis
Hard to find anything really exciting…. AUDUSD having completed a minor bounce and stands ready to try lower, EURUSD stuck in a narrowing range, USDJPY bear triangle suggests selling to appear ahead of 78.68,
Global Technical Watch – Profit taking
Following an unfavourable response to nonfarm payrolls over a week ago, the S&P 500 posted its strongest bearish week since the uptrend began in Q2. This is undermining the recent bullish trends in gold and Brent, as profit taking is taking centre stage.
FX Market Technical Research
EUR/USD: Euro-Dollar Fails To Close Above 21-DMA. Daily tech studies remain muted while Euro-dollar fails to close above the 21-day moving average and remains below the resistance line from the Sept high.
EUR/USD Analysis
_________________________________________________ Want to trade on currencies? Open an fx account at Saxo _________________________________________________ Closed in NY Friday at $1.2951 having recovered off earlier lows of $1.2938 around the London fixings. Euro-dollar nudged higher on the Asian open touching $1.2962, before supply from a US name pressed lower.
FX Daily Strategist: Europe
– EURUSD, GBPUSD and NZDUSD remains biased higher Markets have continued to charge ahead with better earnings reports from Europe and Thursday’s stronger labour data from the US showing initial jobless claims falling sharply.