Tag Archives: EUR/USD

Daily FX Wrap and Strategy

The NZD/USD has been the strongest performer out of itspeers over the past 24-hours, sitting at 0.7880 this morning.

EUR/USD: pushed lower by ECB The EUR/USD extended its slide to 1.27, fuelled by expectations of

We could argue that wave-v of (v) down has been satisfied as the proper divergences are in place.

The pressure is on for today’s press conference by President Draghi and Friday’s nonfarm payrolls release.

Today’s highlights: AUDUSD has held key support at .8674/58 as expected, and

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

FX markets have been all about a USD squeeze. EURUSD popped up to 1.2662,

EURUSD: The question is whether this only is short covering ahead of€CB or if the market is changing its

The main event will be the press conference following the ECB meeting.

EUR/USD continued to dip below the Bollinger band base overnight but held above the recent 2014 and 2 year lows.

The pair started in the Asia-Pacific at $1.2623 this morning following last night’s $1/2583 to $1.2640 range during the US hours.

The NZD sits at a similar level, around 0.7800, thismorning.