Tag Archives: EUR/USD

Daily Market Technicals

Bearish dominance was again confirmed on Friday with the move to fresh 2014 and 2 year lows falling just short

The pair started in Asia this morning at $1.2507 after a $1.2501 to $1.2620 range during the US hours.

The NZD was thumped lower in line with the rest of themajors off the back of US employment reports on Friday.

The USD is strong, even as U.S. yields remain low, equities rise and commodities drop.

Today’s highlights: EURUSD’s bounce remains seen as corrective ahead of a resumption of

EUR/USD has broken the strong support areabetween 1.2755 and 1.2662, confirming anunderlying bearish trend.

The major currencies have drifted sideways ahead of US payrolls. EURUSD is at 1.2655,

EURUSD: The correction case gained some more credibility yesterdaywith 1) a second day

US non-farm payrolls take centre stage. We expect a rise of 250k, higher than theconsensus estimate of 218k.

Bulls take a little comfort in the euro finding support ahead of the recent 2014 and 2 year lows. O/S daily

The pair opened this morning at $1.2669, after it traded up to a $1.2699 high in the wake of last night’s ECB decision and

Our G10 forecasts have long encompassed a bullish USD theme, so the modifications here are ones of magnitude rather than direction.