Tag Archives: EUR/USD

The Global Macro Pulse

The USD and JPY strengthened initially but have since lost ground.

EUR/USD’s recent bounce is likely over. As aresult, a full retracement towards the key supportat 1.2501 is favoured.

EURUSD: The pair initially fell down between the 1.2625 and 1.2605support points before

A quiet day on the data front. German consumer confidence released at 08:00 isexpected to

The pair started in Asia at $1.2646 after it had traded a high of $1.2676 in overnight dealings,

Layers of resistance are accumulating with bulls needing a close above $1.2742 to ease bearish pressure and

Market sentiment is encouraging into the open. Earnings, China’s PMI and Europe’s PMI have all helped to

EUR/USD continues to weaken, as can be seenby the break of the hourly support at 1.2706 (seealso the rising channel).

Today’s highlights: EURUSD below 1.2624/05 would open up a retest of 1.2500/2460.

The USD regained ground in Asia trading. AUD shrugged off better China PMI, extending losses to 0.876.

EURUSD: The fallout from what seems to be a bear flag has put the1.2605 key support up for grabs.

Main event will be euro Flash PMI for October, which provides country details forGermany and France.