Tag Archives: EUR/GBP
FX Daily Crosses
Today’s highlights: – EUR/GBP: Threatening short term resistance at .8033 after defending the .7961/0 support zone yet again. Increasing signs of basing, but above .8033 required for .8078.
FX Techs
At a glance: On hold EUR/USD also remained within a tight range yesterday which keeps the downside open for a straight extension to 1.2639 (daily breakout line), to 1.2542 (Fib.-projection) and ultimately to the key-T-junction at 1.2309 (int. 76.4 %). Only a break above 1.2806/17 (minor 38.2 %/200 DMA) would ease the down-pressure.
FX Techs
At a glance: Game change EUR/USD seems to be one step ahead in this context as key-support at 1.2775/70 (int. 38.2 %/C=A) is decisively broken so that the odds are clearly in favor of a deeper setback to 1.2542 (Fib.-projection) and to 1.2309 (int. 76.4 %) now, whereas recoveries would have to clear 1.2816 (minor […]
FX Daily Crosses
Today’s highlights: – EUR/GBP: Rebounding from the 50% retracement at .7960, but the risk remains lower for .7923/12 initially, whilst capped by .8033.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Downside risks remain for a turn lower to the .7923/12 support. – EUR/JPY: The bearish extension below former trend support now at 102.40 reinforces a top for 100.16/99.36.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Selling pressure has extended and beneath .7984/78 would see a more bearish turn for .7923/12.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Gaining traction at .7984/78 support, and after the removal of .8014 we see scope for risk towards .8078 once again. Above creates a base for .8166 again.
A monthly run through the long-term charts
The euro is still facing headwinds and German yields are still trending lower The ECB EUR index has been allowed a correctional lift to re-check into the lower end of the still sharply falling 12mt Moving Average band, which represents resistance together with a 2009-2012 descending top line and the 2010 lows near the 100-mark.
Daily FX Technical Strategy: USD/JPY turns as US tens beak down
Recent moves in rates markets are spurring activity in FX space. The downside break in US 10y yields signals a further pullback within range.