Tag Archives: EUR/USD

Daily Technical Report

EUR/USD declined sharply yesterday. Thebreak of the support at 1.2614 calls for a test ofthe recent lows at 1.2501.

USD-G10 has traded only very marginally higher in Asia following its post-FOMC rally in US time.

EURUSD: The minor bear flag (following the exit of the larger one)finally came to

Spanish and German inflation will provide information about the impact of thedecline in the oil price during October.

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

The pair traded a a $1.2631 low last night in the US following the FOMC decision,

Today’s highlights: DXY $ Index below 86.10 maintains the threat of further weakness.

EUR/USD has breached the hourly resistance at1.2743, suggesting some increase in buyinginterest.

The EUR and the JPY held steady in Asia, trading at 1.274 and 108.1 respectively.

EURUSD: Even though our call yesterday for a potentially completedupward correction was proven wrong we continue to

The main event is the Fed meeting tonight. Given the recent market turmoil, the Fedis likely to

The pair opened this morning at $1.2734 after last night’s $1.2693 to $1.2765 range during the US hours.