Tag Archives: EUR/USD

The Global Macro Pulse

The USD has softened against the major currencies. AUDUSD has risen slightly to 0.8895 from

EURUSD: EUR/USD over 1.2877 would target 1.2931 next… Read the full report: Technical Alert

Focus will be on flash estimates for PMIs. In the euro area we expect bothmanufacturing PMI and service PMI to

The pair started at $1.2849 early today after a $1.2816 to $1.2856 range during the US session overnight.

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

EUR/USD: Momentum strongly pro-decline. Euro clearly oversold. From technical point of view, consolidation should continue for some time.

The first signal that wave-3 (1.37-1.2826) is complete is a rally through 1.2925 followed by 1.2995.

Today’s highlights: EURGBP falls to test our core bear target at .7800/.7790, where we look for a base.

EUR/USD remains capped by the short-termdeclining trendline and the hourly resistance at1.2988 (05/09/2014 high).

EURUSD has bounced off of its Friday low to trade up to 1.2863 while USDJPY has dipped to 108.73, close to its Friday low.

EURUSD: The drop below 1.2834 became exactly the kind of lowconviction move that one expects to

In the euro area, ECB president Mario Draghi will testify before the EuropeanParliament’s Economic and Monetary Committee at 15:00 CET.