Tag Archives: EUR/CHF

Daily Technical Report

EUR/USD has weakened near the hourlyresistance at 1.2901.

Main release will be US CPI for September. Inflation has been subdued in the pastmonths with monthly changes in core CPI being low.

EUR/USD continues to be well supported, ascan be seen by the succession of higher lowssince the one at 1.2501.

Another quiet day on the data front. Only number of interest will be US existing homesales, which is expected to have stabilised over the summer.

EUR/USD: Momentum pro-decline. Room for continuation of correction seems limited.

EUR/USD has faded near the resistance at1.2901. Monitor the hourly support at 1.2706(16/10/2014 low,

EUR/USD made a large daily lower shadowyesterday, suggesting persistent short-termbuying interest.

Fundamentals are taking a bit of a backseat in the market and

EUR/USD has broken to the upside out of itsshort-term symmetrical triangle.

EUR/USD has thus far failed to make anyhigher high. However, no lower low has beenmade either.

US retail sales for September is due for release and we expect growth in retail sales to

EUR/USD is consolidating after its steepdecline. Despite yesterday’s break of the hourlyresistance at 1.2716 (10/10/2014 high),