Tag Archives: EUR/USD

Daily FX Wrap and Strategy

The NZD/USD sits lower this morning, at 0.8120, afterdrifting downward overnight and suffering post-US FOMCvolatility.

Today’s highlights: GBPUSD stages a “bullish” outside” reversal,

EUR/USD is bouncing from its oversolddecline. However, the hourly resistance at 1.2988(05/09/2014 high,

EURUSD: The market remains grounded as the brief attempt over 1.2990 was responded to (at the intraday stretch).

Key focus will be tonight’s FOMC meeting. It seems increasingly likely that theFed will change its

EUR/USD managed a pop above the previous $1.2989 resistance level before correcting lower from the falling daily channel top.

The pair started the session today at $1.2960 after marking a $1.2935 to $1.2995 range during the US hours last night.

The NZD/USD gapped higher in the earlier hours of thismorning to above 0.8220, before returning to sit at 0.8200.

EUR/USD: found strong demand around 1.2900 just as we were preparing for a break lower.

EUR: EUR/USD heading towards 1.27

The WSJ has its second blog post in a row suggesting that there is a strong case for Fed patience on rates

Today’s highlights: USDJPY’s advance has found a temporary halt just shy of the potential trend line resistance at 107.52.