Tag Archives: EUR/USD
Technical Analysis
Hefty u-turns noted Friday with several key day reversals appearing in the charts, suggesting dollar strength to be a theme for the upcoming week.
FX Market Technical Research
EUR/USD: Testing 200-Day Moving Average. The pair has so far failed to record a close below the 200-DMA, but bears remain focused on this level, currently at $1.2824.
EUR/USD Analysis
Closed in NY Friday at $1.2860 after rate had been pressed down from $1.2940 to $1.2838 on end month fix flows. Slow start into Asia with China, HK, Korea and Australia closed with early trade fairly subdued as it held between $1.2845/50.
FX Daily Strategist: US
– Risk-on likely undeterred by Spanish bank review this evening ; Look to add to short USD The long-awaited Spanish budget has been well received by markets with Spanish sovereign spreads relative to Germany narrowing and global equities finishing higher.
FX Daily Strategist: Europe
– Spanish budget well received – risk rally rolls on The long-awaited Spanish budget has been well received by markets with Spanish sovereign spreads relative to Germany narrowing and global equties finishing higher.
Technical Analysis
EURUSD & GBPUSD both misfired below support and are seemingly headed higher from here. Key refs on those above are located at 1.3048 & 1.6267…
FX Market Technical Research
EUR/USD: Bouncing Towards Hourly Resistance. The bounce back towards the $1.2972 hourly resistance continues after the pair failed to record a close below the 200-DMA earlier in the week and with the previously overbought daily tech studies no longer seen weighing.
EUR/USD Analysis
Closed in NY at $1.2915 after rate had bounced back from initial Spain Budget react lows of $1.2829 to $1.2928 as market perceived that the austerity measures announced would leave open the door to Spain asking for bond buy aid from the ECB without further austerity requirements.
FX Daily Strategist: US
– Peripheral euro zone risks will hold back EURUSD today; We favour short USD exposure The bout of broad-based USD strength amid risk-aversion seen yesterday has reversed a little given renewed stimulus hopes in China this morning.
FX Daily Majors
Today’s highlights: – EURUSD: Holding the 1.2836/29 support cluster we expect a break above trendline resistance now 1.2920 followed by an extension higher to 1.3048 first.
Technical Analysis
With many ccy pairs having arrived at support/resistance points a clear slowdown in activity noted. EURUSD resting at the low end of the 233d ma, EURJPY on its July support line, CABLE ndecisive with false breaks now on both sides, EURSEK still waiting to pass the neckline,
FX Market Technical Research
EUR/USD: 200-DMA Remains Key To Direction. The pair pulled up just short of the 200-DMA overnight and with daily tech studies no longer an issue and the 200-DMA key support, a close below today is need or else EUR/USD risks a bounce back towards the $1.2972 resistance level.