Tag Archives: EUR/USD

Daily Market Technicals

EUR/USD remains heavy after failing to make any kind of recovery to test the $1.3159 level to start the new week.

The pair traded another fresh low for the year so far this morning in Asia, thanks to the broader US dollar rally today.

EUR/USD bounce looks to be capped at 1.3341/79 within the intact downtrend, notes JP Morgan.

EUR/USD: remains heavy after opening this week near the low from September last year.

During August the US dollar strengthened against the euro in terms of London closing rates from 1.3383 to 1.3145.

EUR/USD: Momentum strongly pro-decline. Euro clearly oversold. Correction likely, closeness of 1.300 level increases the likelihood of this.

EUR/USD continues to move lower and is nowclose to its key support at 1.3105 (06/09/2013low).

Today’s highlights: EURUSD breaks to a new cycle low leaving the trend directly bearish to 1.3104, then our 1.3020/15 target.

In FX, EUR continued to inch lower to 1.312 ahead of Thursday’s ECB meeting.

EURUSD: With the Thu/Fri bounce occurring in a clear three wavecorrective manner a new trend low

Focus will be on European and Asian data with the US closed for Labour Day.

The correction lower from the failed attempt at the $1.3220 level gathered steam Friday with the bearish close around