Tag Archives: EUR/GBP

Daily Technical Report

EUR/USD is challenging the resistance at1.2577 (see also the declining trendline).

It is a very thin calendar and most focus will be on speeches by Draghi andWeidmann.

EUR/USD continues to trade sideways within the broad $1.2499-1.2599 range with

EUR/USD: EURUSD provided a great selling opportunity just above the month-high and has now reversed to yesterday’s open.

EUR/USD continues to grind higher.

Today’s highlights: EURJPY continues to surge dramatically higher and

Euro PMIs are due for release and it will be interesting to see whether theimprovement in the financial ZEW expectations is mirrored in the PMIs.

The break higher stalled at the short term falling daily trend line off Oct monthly highs with bulls now needing a close above $1.2599 to

Today’s highlights: EURUSD spotlight stays on the 1.2578 barrier,

EUR/USD’s bounce has thus far beenunimpressive.

Today’s most interesting event are the minutes from the FOMC meeting on 29October,

EUR/USD continues to find support on dips ahead of 2014 lows and resistance ahead of the $1.2584 level.