Tag Archives: EUR/GBP
Global Technical Watch – Coinciding EUR hurdles
The EUR is approaching important resistance areas across the board. Figure 1 highlights these levels against the JPY, CHF, USD, and GBP.
FX Daily: I’m Bullish Christmas
For all the uncertainty around the global economy, data has followed a remarkably consistent pattern since 2009: it has weakened sharply over the summer months but bounced strongly into winter.
Daily Market Fundamental Levels
EUR/USD $1.3200 Strong offers on approach ($1.28-1.32 DNT structures)
FX Daily Crosses
Today’s highlights: – EUR/GBP: Upward trend persists higher and we expect the market to challenge the critical .8166 neckline resistance. Above here completes a base targeting .8263 initially.
Daily Market Fundamental Levels
EUR/USD: $1.3172 High Sep17/Strong offers $1.3170/80 $1.3140/60 Strong offers ($1.3140 Oct17 high)
FX Daily Crosses
Today’s highlights: – EUR/GBP: Advance continues higher for key neckline resistance at .8166. A break through here is eventually expected allowing for an advance higher to .8221 and then .8263.
Daily Market Fundamental Levels
EUR/USD: $1.3100 Strong offers on approach/Option barrier $1.3075 Option barrier
FX Daily Crosses
Today’s highlights: – EUR/GBP: Lacklustre prod above .8114 prior resistance. The focus remains broadly higher for a test of the .8166 key neckline resistance hurdle. Above here sees .8221/63.
Daily Market Fundamental Levels
EUR/USD: $1.3075 Tech $1.3070 Strong offers (German corporate mentioned)
FX Daily Crosses
Today’s highlights: – EUR/GBP: Approaching .8114 initial resistance. We expect the upward trend to continue higher through here to challenge neckline resistance at .8166.
FX Daily Strategist: Europe
– Good news on the fiscal cliff is bad news for the USD, stay long AUDUSD The USD remains sensitive to headline risk relating to the US fiscal cliff. Risk sentiment turned for the better overnight as House Speaker John Boehner said he was optimistic that the budget talks will avert the crisis “sooner rather […]
FX Daily Crosses
Today’s highlights: – EUR/GBP: Correcting back to throwback support at .8059. Whilst above trend support at .8027, however, the bias remains higher through .8114 to 8.166 and then .8221/63.