Tag Archives: EUR/GBP
FX Daily Crosses
Today’s highlights: – EUR/GBP: Trendline break through .8000/.7990 paves the way for further downside risk to .7923/12 chart/61.8% retracement support.
Technical Analysis
The dollar holds the upper hand despite improved stock market sentiment… EURUSD is still thought to test the mid/low-1.28s, while USDJPY is expected to take out the recent 80.38 high, for extension towards 80.56\63…
FX Daily Crosses
Today’s highlights: – EUR/GBP: Decline lower persists, with the market breaking immediate trendline support at .8020. We expect a continuation lower to .7923/12.
Daily FX Technical Strategy: Euro drifting into trouble?
Volumes picked up a touch into the month-end, but support for the euro appeared to evaporate and the post OMT bounce seems to be losing its spring.
Technical Analysis
It’s not overly exciting out there at the moment… EURUSD & EURJPY shows diverging directionals this morning with the former below 1.2945 would target the high-1.28s while the latter over 104.05 & 104.43 would target levels above last month’s high…
Global Technical Watch – Sifting through ranging markets
Although several major currency pairs are rangebound, some Asian currencies have maintained a consistent appreciation trend against the USD.
Technical Analysis
Actually not much to report with most markets remaining sidelined. EURUSD an unexpected bounce but still seen as a corrective one, EURGBP this morning slipping out of the bear flag, USDJPY ending a volitile day in the middle of its range,
FX Daily Crosses
Today’s highlights: – EUR/GBP: Rebounding higher from .8000 support. We expect renewed selling interest to weigh on the market at .8100 resistance, with risk skewed lower to .7986 initially.
Technical Analysis
EURUSD slowly but steadily eroding support and we still watch the 1.2883/93 support with great interest. USDJPY another QE and this time halflife….
FX Daily Crosses
Today’s highlights: – EUR/GBP: Oscillating around the 38.2% retracement. Some further downside risk is expected to the .7980 channel support level. But we look for this to hold.
Technical Analysis
Some interesting action taking place on Friday with especially a bearish key day reversal in USDJPY and a bearish key week reversal in EURGBP noted. OIL also looks like its ready taking a dive.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Reversal lower results in a break below .8099/90. We see scope for a bit more weakness, but we look for .8022 chart support to hold, with broader risk still for .8263.