Tag Archives: EUR/USD
FX Daily Majors
Today’s highlights: – EURUSD: Break through 1.2975/95 now exposes the 78.6% Fibonacci extension resistance hurdle of 1.3178. Corrections likely to hold above 1.2858.
FX Market Technical Research
EUR/USD: Focus Now Turns To 2012 Highs. The EUR/USD continues to distance itself from the 200-DMA with the pair now trading above the previous resistance at $1.3000.
EUR/USD Analysis
Closed in NY at $1.2988 after rate had eased off post FOMC react highs at $1.3002 to $1.2977. Rate drifted down to $1.2980 in early Asian trade but buyers emerged as China equity market opened with a positive tone which provided a fresh boost for risk.
Technical Analysis
Waiting for the next event, FOMC. In the meanwhile EURUSD has remained close to yesterday’s peak still threatening the 1.3004 key resistance, USDJPY hovering a couple of points above the 77.65 June low (that we see taken out),
FX Market Technical Research
EUR/USD: Fast Approaching Key Resistance. Despite a brief dip below the 200-DMA overnight the uptrend remains firmly in play with the $1.3000 resistance level seen as the next major hurdle.
EUR/USD Analysis
Closed in NY at $1.2900 after pulling back from a session high of $1.2937 to $1.2884. Rate eased to an early low in Asia at $1.2896 before picking up fresh demand, the move up gaining some slight momentum as early predictions on the Dutch election result show a pro-Europe win.
FX Daily Strategist: US
– We target NZDUSD higher with QE3 yet to be priced in Risk-taking got another shot in the arm after the German constitutional court ratified the ESM with some conditions (as expected-more below) and also implicitly backing the two-pronged approach of the ESM/ ECB framework for euro area bond purchases.
FX Daily Strategist: Europe
-USD weakness comes into play ahead of FOMC on Thursday…we target NZDUSD higher USD weakness has taken hold of the FX markets as investors position for a positive outcome from the German Constitutional Court and the announcement of Fed QE3 at the Thursday FOMC Meeting.
FX Technical Volume Strategy: EUR/USD rises with volume
– Volume levels bounced back after Monday’s lull as investors continue to build on the positioning initiated at the end of last week. – Bullish investor sentiment in EUR/USD is endorsed by the above-average volume that is accompanying up-days.
Technical Analysis
Key events today and tomorrow are obvious key risks to anything we have seen during the position deployment ahead of announcements…
FX Market Technical Research
EUR/USD: Closes Above 200-DMA. EUR/USD has taken out the falling daily trend line and closed above the 200-DMA for the first time since late Nov 2011, adding support to the bullish case.
EUR/USD Analysis
Closed in NY at $1.2851 after rate had eased off extended highs of $1.2872 to $1.2845. Rate had a quiet start into Asian trade with rate holding just above $1.2850.