Tag Archives: EUR/CHF

Technician

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).

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

The relative macro, positioning indicators suggest EURUSD “oversold”,

China recovery weak but strengthening China stocks in July-August have been resilient to geopolitical driven risk aversion sell-off.

EUR/USD remains weak as can be seen by thefailure to break the hourly resistance at 1.3220(25/08/2014 high).

Market focus will continue to be on the developments in Ukraine.

EUR/USD was able to bounce of 2014 lows at1.3153 yet buying pressure is thin.

EURUSD: The decline has during the past days been running onfumes.

Spanish and German inflation data for August are released ahead of the euro figureon Friday.

EUR/USD made new lows yesterday,confirming persistent selling pressures.

In terms of data releases we have a very light global calendar. In Germany the GfKconsumer confidence for September is released.