Tag Archives: EUR/GBP
Daily Market Technicals
Oscillation around the Bollinger band base ($1.3521) continues with the EUR/USD now consolidating ahead of the key $1.3503-12 support as daily studies approach O/S levels.
Daily Technical Report
EUR/USD declined further yesterday. Prices arenow close to the key support at 1.3503 (see alsothe long-term rising trendline from the July 2012low).
FX Daily
It is a very light calendar today in terms of macroeconomic numbers. Focus will be oneuro-area inflation and US initial jobless claims.
Daily Market Technicals
The move lower saw EUR/USD close below the Bollinger band base ($1.3533) with the pair now consolidating ahead of
Daily Technical Report
EUR/USD has broken the support at 1.3576,confirming a bearish bias. A further short-termdecline towards the key support at 1.3503 islikely.
EUR/USD should extend losses into the low – 1.35s
EUR/USD is targeting the low-1.35s now. EUR/GBP looks staged to seriously test trendline support at 0.7900.
EURGBP – 2 targets and wave pattern suggest .78 target to be realized
The cross has continued to sell-off as laid out in the 7/1 update (“still room for lower…”).
FX Daily
Focus on central bank speeches with ECB’s Coeure and Fed’s Fisher but mostimportant will be Fed chair Yellen’s testimony.
Daily Market Technicals
EUR/USD is hovering around the $1.3564 support but appears to have done enough to confirm a break of the triangle base with
Daily Technical Report
EUR/USD rose yesterday but failed to holdmost of its gains at the end of the session. Abearish bias is favoured as long as prices remainbelow the resistance at 1.3664 (03/07/2014 high).
FX Daily Majors
Today’s highlights: GBPUSD’s break of key near-term support at 1.7095/85 sets a minor top, which should allow a deeper setback to 1.7008/1.6998.