Tag Archives: EUR/GBP

Daily Technical Report

EUR/USD has moved above the hourly resistance at 1.1649,

We expect the ECB to announce government bond purchases of EUR750bn today.

Wednesday’s rally stalled at the falling daily channel top ($1.1640) with bulls

EUR/USD has broken the key support at 1.1640 and has moved below

We expect US building permits and housing starts to surprise on the upside.

EUR/USD remains heavy but has so far failed to retest the fresh 2015 and

EUR/USD has broken the key support at 1.1640 and has moved below

Today’s highlights: EURUSD stays bearish for 1.1212 next, with our core target at 1.0836/0765.

EUR/USD over 1.1661 would hint of a near-term “Head & shoulders” bottom formation (ideally targeting 1.1820).

Markets will stay alert to any hints on a likely ECB QE announcement on Thursday.

Fresh 2015 and 11+ year lows Friday saw the EUR/USD dip below the

EUR/USD: Momentum strongly pro-decline, but euro significantly oversold.