Tag Archives: EUR/USD
FX Market Technical Research
EUR/USD: Bulls Focus on One-Year Trendline. The pair sees a bull-cross for the stochastic and momentum studies, turning bulls attention to a one-year trendline at $1.3103.
EUR/USD Analysis
Closed in NY Friday at $1.3045 after rate had retreated from an initial react spike high of $1.3072, following release of US employment data, to a pullback low of $1.3015.
FX Daily Majors
Today’s highlights: – EURUSD: Advance set to continue through 1.3048 interim resistance for a test of the 1.3172 high. – GBPUSD: Aggressive upside reversal suggests a return through 1.6274 to retest the 1.6310/20 longer-term resistance zone.
FX Daily Strategist: Europe
– NFP likely to come in below 100k for the second straight month With the ECB behind us, the US employment report will dominate markets on Friday. Price action in Asia has continued to remain risk-on with the Asian currency index (ADXY) breaking key levels and now opening the way for the YTD high (118).
Technical Analysis
After the post ECB moves the market has been sidelined overnight. EURUSD looks like an hourly bull flag so looking for a 1.3044 move before stalling, AUDJPY seems to be in the latter stages or possible already turned the corner on its minor upside correction, seek a sell…
FX Market Technical Research
EUR/USD: Recovers 21-DMA to Test Fibonacci Level. The pair recovers from the $1.28035 low to break above the 21-DMA, which turns support at $1.2844.
EUR/USD Analysis
Closed in NY at $1.3020 after settling back from seeing extended highs of $1.3032, before pulling back to $1.3008 ahead of the close. Early demand into Asia met strong headwind sales above $1.3020 which restricted highs to $1.3023.
FX Daily Strategist: US
– Geopolitical tensions not yet systemically hurting markets; We stay USD bearish Markets are holding in well in holiday-thinned trading with Japan bourses outperforming following the rally up in USDJPY to a two week high.
FX Daily Strategist: Europe
– Geopolitical tensions not yet systemically hurting markets; We stay USD bearish Markets are holding in well in holiday-thinned trading with Japan bourses outperforming following the rally up in USDJPY to a two week high.
FX Daily Majors
Today’s highlights: – EURUSD: Range-bound going into the ECB. We expect 1.2803 support to hold firm with breakout risk higher for 1.3048 and then 1.3172.
Daily FX Technical Analysis and Strategy
EUR/USD: Ranging – Investors are reluctant to drive EUR/USD strongly in either direction. Price emerged briefly through 1.2960 though is still lacking follow through.
Technical Analysis
EURUSD still range bound and as long as holding above 1.2870/80 no top confirmed in place, AUDUSD (& NZDUSD)small congestion before heading lower, underpinned by narrowing int rate spread, lower commodity prices etc, BOE GBP index exit rising wedge = weaker sterling,