Tag Archives: EUR/AUD
FX Daily Crosses
Today’s highlights: – EURGBP: Resistance found at .8589, after prodding above the 61.8% Fibonacci retracement. Scope for a correction back to trend support at .8462.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Breakout above .8507 exposes the 61.8% Fibonacci retracement resistance hurdle of .8577.
EUR/AUD Technical Analysis
(1,2925) EUR/AUD confirmed another strong closing on Friday suggesting further direct strength toward next resistance at 1,3030 where we expect decent resistance and form where we may see a return toward 1,28!!
Global Technical Watch – Fresh EUR squeeze
The end of last week saw a renewed surge in several EUR crosses – particularly EUR/AUD and EUR/CAD, which continue to pare losses incurred when eurozone concerns were mounting.
Global Technical Watch – Scarce direction
FX markets are mixed with the USD torn between strength against the JPY and weakness against the EUR. Meanwhile, commodity currencies continue to lose ground:
FX Daily Crosses
Today’s highlights: – EURGBP: Struggling to overcome the .8420 50% retracement after reversing lower from .8442 yesterday. We expect a correction lower, back to .8328, and then .8265.
FX Daily Crosses
Today’s highlights: – EURGBP: Failing ahead of the .8420 long-term 50% retracement. We expect a correction lower from here back to .8328, with overshoot to .8265 which should hold.
FX Daily Crosses
Today’s highlights: – EURGBP: Strong breakout through .8346 78.6% retracement resistance paves the way for further upside to .8420 and potentially then .8507.
FX Daily Crosses
Today’s highlights: – EURGBP: Reversal lower from .8328 continues with risk to pivot support at .8228 and potentially then .8213 trend line support.
FX Daily Crosses
Today’s highlights: – EURGBP: Resistance holds at .8328/46. We see corrective risk lower to breakout/trendline support at .8228/13.
FX Daily Crosses
Today’s highlights: – EURGBP: Decisive break through .8228 and .8263 resistance hurdles keeps the focus higher to next major resistance at .8346. Above here, exposes .8507.
FX Weekly Summary
Euro rose last week as expectation on ECB cut receded drastically following Draghi’s post meeting pressing conference.