Tag Archives: EUR/CHF

Daily Technical Report

EUR/USD moved higher towards the key resistance area between 1.2577 and 1.2600 yesterday.

At the meeting tonight, we expect the FOMC to remove considerable time from the statement,

EUR/USD is consolidating. The recent succession of lower highs needs to

In the euro area we expect higher PMI figures,

EUR/USD: Momentum still pro-decline, but significantly weaker.

EUR/USD has bounced near the hourly support at 1.2362.

Today focus will be on US data with the release of industrial production.

The relentless decline in oil prices, caused by persistent over-supply and weak demand,

EUR/USD weakened yesterday. However, as long as the support at 1.2362 holds,

LTRO repayments are due around noon. Banks took EUR130bn yesterday on the second TLTRO but

EUR/USD has moved above the hourly resistance at 1.2456 (see also the declining trendline),

EUR/USD has bounced after having posted new lows.