Tag Archives: EUR/CHF

FX Daily

The main event is the ECB Governing Council meeting where we expect the ECB toremain on hold.

EUR/USD has failed to break the hourlyresistance at 1.3444 (28/07/2014 high). Thesubsequent new (marginal) lows confirm anunderlying downtrend.

German factory orders are expected to rebound in June after a decline of 1.7% m/min May.

EUR/USD is bouncing within its underlyingdowntrend. Monitor the hourly resistance at1.3444 (28/07/2014 high).

EURUSD: Could still recheck the high 1.34s. European (Markit) PMI and the US ISM are the main distractions for the day.

Euro retail sales are expected to have increased 0.5% m/m in June. Consumerconfidence,

EUR/USD: Momentum strongly pro-decline, but euro also clearly oversold. Hint of beginning of correction. Return to 1.3488 level seems likely.

EUR/USD is bouncing within its underlyingdowntrend. Hourly resistances can be found at1.3444 (28/07/2014 high) and

Following plenty of releases last week, we are heading for a quieter week on theglobal agenda.

Shift in message As was expected there were no real fireworks at the last FOMC meeting.

EUR/USD is in an underlying downtrend.However, the last two days have displayed largelower shadows,

The US employment report and ISM manufacturing will wrap up a busy week.