Tag Archives: EUR/USD
EUR/USD Analysis
Closed in NY at $1.2355, off its recovery highs of $1.2373 after rate had been driven up from session lows of $1.22556.
Technical Analysis
Firmer $, correcting Scandies, bond yields on the rise… EUR/USD Breaking down from the flag!?… USD/NOK Bouncing off the 2009 top line… EUR/SEK At least an 8.31 bounce… USD/SEK Trying to hammer out a base…
FX Market Technical Research
EUR/USD: Focus on Fibonacci Level, 21-DMA. The daily stochastic study forms a bear-cross, while 10-day momentum is flirting with the zero line, keeping bear’s attention on the 21-DMA, which rises to $1.2272 and meets a support line at $1.2273.
EUR/USD Analysis
Closed in NY at $1.2288, after recovering off lows at $1.2264. Following an initial dip to $1.2282 into early Asia the rate pushed higher as early Tokyo bought EUR/JPY, the rate able to break above the NY high at $1.2294 and extend recovery to $1.2306.
FX Daily Majors
Today’s highlights: * EURUSD: Failure to break above 1.2387/8 and subsequent reversal lower turns the focus back on 1.2242. Through here signals the start of next leg lower to 1.2042, then 1.1876.
Technical Analysis
UpThrust” warning on the S&P500 index!… EUR/USD Respecting resistance… AUD/USD Ongoing correction lower… EUR/SEK Mid-body support noted… EUR/NOK Could still recheck ~7.34\35… USD/NOK Testing resistance at 5.93\98…
FX Market Technical Research
EUR/USD: Focus on Fibonacci Level, 21-DMA. The daily stochastic study forms a bear-cross, while 10-day momentum is flirting with the zero line, keeping bear’s attention on the 21-DMA, which rises to $1.2274.
EUR/USD Analysis
Closed in NY at $1.2321, just off lows of $1.2317 seen after the dollar got a general boost on the back of better than expected US retail sales data.
Asia today: Risk currencies in tight ranges at lower levels
Once again Asia consolidated the overnight currency moves, only this time to the downside.
FX Daily Strategist: US
* EUR recovery withstands soft euro zone GDP release We retain our that the path of least resistance continues to be the EUR/G4 crosses (EURUSD, EURUSD and EURJPY) being much more vulnerable to upside surprises on a 4-6 week view, as opposed to downward surprises.
FX Daily Majors
Today’s highlights: * EURUSD: Recovering back up towards 1.2388 interim chart resistance. We expect the market to break through here to challenge 1.2444/79 and then 1.2598.
FX Daily Strategist: Europe
* EUR recovery to be tested by eurozone GDP release EUR has continued to hold up well despite a barrage of negative political headlines, such as German press reports suggesting the German constitutional court ruling (Sep 12) on ESM and fiscal union could be further delayed.