Tag Archives: EUR/USD
Technical Analysis
EUR/USD Extended reaction higher… USD/JPY Indecisive… GBP/USD Congestion, then lower… EUR/SEK Break!… NOK/SEK Soon time for a breather… EUR/NOK Looking for support.
FX Market Technical Research
EUR/USD: Recovery Capped By The 21-Day Moving Average. EUR/USD recovery failed to make headway against the 21-day moving average, now initial resistance, with support now coming from the 23.6% Fibonacci level at $1.2906 followed by strong support seen at the 200-DMA at $1.2825.
EUR/USD Analysis
Closed in NY at $1.2930 after easing off a session recovery high of $1.2952 (76.4% $1.2991-1.2826) to $1.2922.
Daily FX Technical Strategy: JPY finds a bid again
Near-term topping signals emerging in US equities signal further relief in the greater up-trends. This is helping to provide a bid for JPY and we are seeing evidence of this in some of the JPY crosses, with trendline breaks in EUR/JPY and CHF/JPY pointing to further downside toward the late September range lows.
FX Daily Majors
Today’s highlights: – EURUSD: Gaining traction at the 200-day average at 1.2823, importantly ahead of the 1.2803 range low. We are turning bullish for 1.3074, then 1.3172.
Technical Analysis
EURUSD slowing its decline approaching the important 1.2803 key support, EURJPY same thing homing in on the 99.64 support (setup is however clearly bearish), CABLE forming a small bear triangle so soon to break lower,
FX Market Technical Research
EUR/USD: Pullback Through 21-Day Moving Average. The pair fails ahead of the one-year trendline, now at $1.3089, falling back through the 5 & 21-DMAs, which turn initial resistance at $1.2930/58 with support now at the 200-DMA of $1.2823.
EUR/USD Analysis
Closed in NY at $1.2865, the corrective pullback from session highs of $1.2913 given added weight by the late downgrade of Spain by S&P which saw it trade to a low of $1.2862.
FX Daily Strategist: US
– Market in search of catalysts The markets continue to trade without conviction, searching for catalysts. The catalysts are many for the modest risk-off tone seen in markets but none of them are dominating at present.
Daily FX Technical Strategy: Downside risk is the hot Topix
The euro is consolidating and we suspect range trading will continue to dominate trading over the rest of the week. Yesterday, EUR/GBP topped out against its range high with a Key Day Reversal implying near-term downside risk.
FX Daily Majors
Today’s highlights: – EURUSD: Trendline break exposes the key 1.2803 chart support level and then the 38.2% Fibonacci retracement of 1.2740. – GBPUSD: Testing the key 1.5959/60/66 support cluster. We look for a rebound from this support zone higher, back towards 1.6217. However, below would expose 1.5873/25.
Global Technical Watch – EUR pullback
Near-term signals favour further USD strength as the US dollar index is emerging above two-month channel highs. While EUR/GBP posted a Bearish Reversal Day against its 200-day average (resistance),