Tag Archives: EUR/USD

Daily Market Technicals

Bears remain firmly focused on the 2013 low and then the $1.2637-60 region below.

The NZD saw a mild bounce, as commodity currenciesrose off the lows they had made in the week’s first half.

Limited movement among most of the G10 curren-cies points to an ongoing assessment of the outlook for global growth and relative monetary policy,

Today’s highlights: EURGBP stages a bearish “outside day” to leave the spotlight on our core bear target zone at .7800/.7755.

EUR/USD made a big daily upper shadowyesterday, indicating persistent selling pressures.

EURUSD traded flat at 1.2857, USDJPY softened to 108.6 and AUDUSD rose slightly to 0.8863 from its overnight low.

EURUSD: The short term 8day ‘Tenkan-Sen’ and the weekly mid-body point just above 1.29 attracted responsive sellers yesterday,

The pair tried to recover some recently lost ground in overnight trade but continued to

Friday’s bearish close saw fresh 2014 lows to start the new week with bears firmly focused on the 2013 low at $1.2745.

The USD is weak as we approach the NA session, with early EUR gains driven by improved French confidence data,

Today’s highlights: USDCAD continues to hold trend support to leave the bias higher to

EUR/USD remains thus far unable to holdabove its previous lows, indicating persistentselling pressures.