Tag Archives: EUR/USD

Daily Technical Report

EUR/USD has broken the strong support areabetween 1.2755 and 1.2662, confirmingpersistent strong selling pressures.

Today’s highlights: AUDUSD’s collapse has extended to retest the .8658 low for the year.

EURUSD: Trend-following tools remain deep in bearish gears, so sell into fading rallies remains a main theme.

AUDUSD underperformed, dropping to 0.8680 before finding support.

In the US focus turns to ISM manufacturing for September.

The pair started this morning’s session at $1.2631 after trading a high of $1.2635 last night during the US trading hours.

Fresh 2014 and 2 year lows overnight see immediate focus having shifted to the $1.2465 Aug 28 2012 low with

The NZD has consolidated over the past 24-hours, to sit at0.7790 this morning.

The USD rally continues as EUR breaks towards 1.2600 and the DXY index breaks up to a four‐year high and above 86.00.

EUR/USD has broken the strong support at1.2755 and is now testing the other one at1.2662.

Both the speed and the size of the move in the USD have surprised us over the past month.

EUR/USD over 1.2715\25 would target at least 1.2656\65, but not if losing 1.2678 again…