Tag Archives: EUR/GBP

EURGBP – double bottom breakout projects gains to .7912/26

We are viewing the late September low in the cross as a significant wave-5 low that ended the 5 wave decline from .88 in 2013.

Today’s highlights: AUDUSD has resumed its core bear trend and

EUR/USD weakened yesterday but failed tobreak its recent low at 1.2440 (03/11/2014 low).

We expect the ECB to remain in wait-and-see mode at today’s meeting, as the impactof the latest easing measures is assessed.

EUR/USD continues to hesitate marginally above the recent 2014 and 2 year lows set Monday with bulls now

Today’s highlights: USDCAD above 1.1386 keeps the trend bullish for 1.1506 next,

EUR/USD has broken the hourly resistance at1.2544 (intraday high), suggesting a temporarypickup in buying interest.

In the US focus this morning will be on the outcome of the mid-term election.

After having made fresh 2014 and 2 year lows Monday bulls are taking some comfort in the lack of follow

EUR/USD has moved below the key support at1.2501, confirming persistent selling pressures.

In the US focus will be on the mid-term election. The Republicans are expected to

Fresh 2014 and 2 year lows reconfirmed bearish pressure last week with overall focus currently on the $1.2042 2012 low.