Tag Archives: EUR/USD

Daily Technical Report

EUR/USD is approaching the key support at1.2501.

Today’s highlights: USDJPY has surged higher and stays bullish for 111.60

The market’s review of changes in GPIF’s asset allocation helped push USDJPY up to 109.38.

EURUSD: The pair yesterday initially fell down to 1.2545 beforerebounding back up to recheck (and validate?)

We now expect euro-area HICP to remain unchanged at this cycle low of 0.3% inOctober.

Time spent above the 21-DMA was brief with the sharp reversal lower reconfirming bearish pressure and

The pair started this morning at $1.2613 after last night’s $1.2545 to $1.2632 range during the US hours.

The NZD has regained its composure over the past 24hours, with NZD/USD posting a 0.6% gain to 0.7850.

Yesterday’s sell-off met our 1.2620 target but the break below negated our small bullish triangle outlook.

Today’s highlights: DXY $ Index above 86.10 should reassert the uptrend for

Markets are digesting yesterday’s Fed statement, but sentiment into the NA open is negative.

EUR/USD: We expect a break of 1.2500 sooner rather than later.