Tag Archives: EUR/USD
FX Market Technical Research
EUR/USD: Break Of Initial Support Favoured. The EUR/USD remains heavy as daily tech studies unwind their very overbought condition with the pair looking like retesting the Sept 14 lows.
EUR/USD Analysis
Closed in NY at $1.3046 after rate had recovered from extended pullback lows of $1.2993 to $1.3076. Rate drifted higher in early trade, getting an added lift to session highs of $1.3059 as risk appetite was given a boost on release of stronger than forecast NZ GDP data.
Technical Analysis
EURUSD could extend losses towards 1.2970, but this draws no headlines – which USDJPY does better, while breaking the recent 79.04 high (on BoJ “QE”). Next target at 79.66 now in sight…
FX Market Technical Research
EUR/USD: Tech Studies And Trend Line Capping. It appears as though a combination of the long term falling trend line capping and now correcting very overbought daily RSI, Slow Stochastic, Momentum and DMIA studies are weighing on the pair and could see a push back towards the 200-DMA.
EUR/USD Analysis
Closed in NY at $1.3047 as rate recovered off session lows of $1.3029. A paring back of risk positions Tuesday saw rate extend its corrective pullback off Monday highs at $1.31729 to $1.3029.
Technical Analysis
EURUSD is allowed to pause the otherwise paced move higher. Levels at 1.3060 or possibly even 1.2975 could be rechecked… EURJPY has rushed higher, but also a touch too fast.
FX Market Technical Research
EUR/USD. Although marginally managing fresh 4 month highs to start the week the EUR/USD remains capped by the long term falling daily trend line off 2011 highs from May 4 coming in around $1.3180.
EUR/USD Analysis
Closed in NY at $1.3115 having pulled back from an extended recovery high of $1.3172 before pulling back to $1.3092 ahead of the close.
Technical Analysis
Only limited moves since Friday close. Perhaps time to catch the breath after the past two weeks returning risk appetite.
FX Market Technical Research
EUR/USD: Long Term Falling Trend Line Capping. The move towards 2012 highs continues with EUR/USD pausing ahead of the long term falling daily trend line off 2011 highs from May 4 coming in around $1.3180 to start the week.
EUR/USD Analysis
Closed Friday in NY at $1.3130, having seen extended post FOMC react highs of $1.$1.31691, pulling back to challenge the $1.3100 area before recovering into the close.
Asia Today: Risk rally stalls; US to fight China on auto subsidy
Asia kept risk and related currencies at their post-FOMC highs in the early stages of the day as a Tokyo holiday reduced both liquidity and activity.