Tag Archives: EUR/USD

Daily Technical Report

EUR/USD continues to be well supported, ascan be seen by the succession of higher lowssince the one at 1.2501.

In FX, AUD leaped above 0.88 and EUR rebounded to 1.280 post the China data.

EURUSD: The Oct12-21 contracting range looks like a just broken Triangle,

Another quiet day on the data front. Only number of interest will be US existing homesales, which is expected to have stabilised over the summer.

The pair started this morning’s session at $1.2800, after marking a $1.2755 to $1.2817 range last night in the US.

The recent hesitation at the $1.2845 level is a concern with bulls needing a close above to add support to the case for

EUR/USD: Momentum pro-decline. Room for continuation of correction seems limited.

Entering the NA session markets appear nervous, equities are pointing to a negative open,

EUR/USD: With no important data releases today, the pair should hold the recent range.

EUR/USD has faded near the resistance at1.2901. Monitor the hourly support at 1.2706(16/10/2014 low,

Today’s highlights: USDCAD trend stays higher to retest channel and

The USD weakened slightly against majors, with the exception of USDJPY, which rallied to 107.4.