Tag Archives: EUR/GBP
FX Daily Crosses
Today’s highlights: – EUR/GBP: Poised to breakout above .8103/15 resistance, as support at .8022 continues to hold firm. We expect an extension higher to challenge .8157 initially.
Daily FX Technical Strategy: USD/CAD in a tight spot
The outlook for risk deteriorated late last week and a series of Double Tops suggest some follow through selling in the coming days.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Support found at .8022 signals the correction was shortlived, and we expect an advance through .8103/15 to target .8157 initially.
Daily FX Technical Strategy: JPY finds a bid again
Near-term topping signals emerging in US equities signal further relief in the greater up-trends. This is helping to provide a bid for JPY and we are seeing evidence of this in some of the JPY crosses, with trendline breaks in EUR/JPY and CHF/JPY pointing to further downside toward the late September range lows.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Market posts a bearish outside day, suggests correction set to continue to .7978. Broadly, we still see risk higher through .8103/15 to .8115 and then ultimately .8263.
Daily FX Technical Strategy: Downside risk is the hot Topix
The euro is consolidating and we suspect range trading will continue to dominate trading over the rest of the week. Yesterday, EUR/GBP topped out against its range high with a Key Day Reversal implying near-term downside risk.
Technical Analysis
The euro got it on the chin (again) yesterday and finds itself in a group of underdogs, or perhaps as the leader of the pack… EURUSD is seemingly set to take out the monthly low of 1.2804 now…
FX Daily Crosses
Today’s highlights: – EUR/GBP: Stalling at .8100 trendline resistance. We expect corrective weakness to find support at .8025. The bias remains broadly higher through .8115 to .8157 then .8263.
Technical Analysis
EURUSD fell back some yesterday and puts some pressure on supports below at 1.2935 & 1.2900/1.2875… The pound is under increasing pressure, both against the dollar and against the euro.
Technical Analysis
After the post ECB moves the market has been sidelined overnight. EURUSD looks like an hourly bull flag so looking for a 1.3044 move before stalling, AUDJPY seems to be in the latter stages or possible already turned the corner on its minor upside correction, seek a sell…
FX Daily Crosses
Today’s highlights: – EUR/GBP: Break above .8010 resistance allows for risk up to .8101 trendline resistance and then .8115. Longer term we reiterate our .8263 target.
Daily FX Technical Analysis and Strategy
EUR/USD: Ranging – Investors are reluctant to drive EUR/USD strongly in either direction. Price emerged briefly through 1.2960 though is still lacking follow through.