Tag Archives: EUR/GBP
FX Daily Crosses
Today’s highlights: – EUR/GBP: Removal of .8009 support hints at a top, and allows the market to revert lower, back towards the .7961/0 support zone. Below here is needed for a greater top.
Technical Analysis
EURUSD just steered sharply south from favored 1.2820\30 resistance. 1.2690 is next key ref below to be watched…
FX Daily Crosses
Today’s highlights: – EUR/GBP: Caught in a range between .8067/78 resistance and immediate support at .8009. A breakout either side of the range is required for more direction.
Daily Market Fundamental Levels
EUR/USD: $1.2850 Strong offers ($1.2846 – 21 dma) $1.2825/30 ($1.2827 – 6 Nov prev high)
Technical Analysis
USD/JPY set back risk, €/£ bear flag, NOK/SEK lower… EUR/USD Seeking a sell ahead of 1.28… USD/JPY Bearish divergence… EUR/GBP Next attempt lower underway…
Daily Market Fundamental Levels
EUR/USD: $1.2850 Strong offers $1.2825/30 ($1.2827 – 6 Nov prev high)
FX Daily Crosses
Today’s highlights: EUR/GBP: Failure ahead of .8078 at .8067 sees the market reverse lower again. A break below .8000 support however would see risk back to .7961/60. Through here sees .7923/12.
Global Technical Watch – JPY weakness dominates activity
JPY weakness continues to dominate trading into the end of the week. Important levels are being tested and we are monitoring the weekly cloud top in USD/JPY at 80.82, as a close above here would signal further material weakness for JPY in the weeks ahead.
FX G10/EM Morning Trader Views
EUR – Eur x’s supported eurusd yesterday and we saw some general short covering from lev and spec a/cs helping us to trade 1.2778 high. That 1.2770/80 was the lvl we were looking for and so square again now.
Technical Analysis
Yen is notably weaker at the same time as S&P500 is accelerating lower, so little bit of a mixed picture there it seems… EURUSD is doing less, but could still extend the ongoing near-term correction somewhat higher (to test the 1.28-handle)…
Global Technical Watch – Risk relapse and profit taking
Risk assets came under pressure yesterday. US equities broke down through recent range lows and hard assets such as copper and aluminium posted bearish days, with the “shooting star” in aluminium suggesting a top.