Tag Archives: EUR/JPY
FX Techtonics Daily – EUR/USD: ST pause before return to intermediate downside target of 1.3430/95
EUR/USD The likely break below the 1.3430/95 support zone should call for an extension of the downtrend initiated at 1.4945 in early May to the January low of 1.2860, with steps at 1.3245 and 1.2995.
FX Techtonics Daily – EUR/USD: ST risk to the downside, but limited potential
EUR/USD We expect the mid-July low of 1.3835, or even the 1.4015/55 support zone, to contain any down-move until the EUR/USD breaks above the tentative declining resistance line, which comes at 1.4455 today, and returns to the 1.4520/35 region.
Technical Alert: Direction for today seems mostly unclear
Direction for today seems mostly unclear and its hard to find a particular focus at the start of the week… EURUSD levels at 1.4285 & 1.4485 have to be observed and the same goes for EURJPY at 112.25 & 114.00…
Technical Analysis: Technical Alert – July 18
No really strong signs this morning, looks to us like a waiting game… EURUSD rejection from above 1.4200 still lacks a downside acceleration, EURJPY looks more promising but still faces firm support in the 109/111-area, EURGBP to test its key support, 0.8721, this morning,
Technical Analysis: Technical Alert – July 13
Today likely to be a day of congestion/consolidation. EZ worries also taking a toll on the core with France/Germany spread at its widest since 1995, yesterday passing the post Lehman peak. EURUSD did complete a minor wave pattern from 1.44, a small congestion and then 1.37.
Technical Analysis: Technical Alert
EZ worries worsened yesteday with EURUSD breaking its major support, 1.4073, EURJPY 113.50 and EURCHF 1.1808, all three are expected to trace out fresh lows near term before a relief bounce expected (continuing lower thereafter, Milan stocks confirmed a strong sell signal whereaws €stoxx50 hovers a few points above its “kiss and goodbye” confirmation point.
Technical Analysis: Technical Alert
After Thursday’s big moves Friday became a day of correction/congestion but risk off appears to be back already today. EURUSD’s rejection from 1.4340, the breaking point, turn focus to new lows in the 1.3720/3835-area, EURJPY staying power beneath the cloud will continue to weigh on the pair,
Daily Market Technicals – Euro risk shifts to the downside
EUR/USD is showing signs of failure at the 78.6% Fibonacci retracement at 1.4732, and has eroded its near term uptrend. Short term risk has shifted to the downside and we look for a break below cloud support at 1.4295 to trigger another slide to the 1.4007/1.3968 support, which represents recent low and 200 week ma.
Daily Market Technicals – The euro has taken a hit again.
EUR/USD is once more sitting on the 61.8% Fibonacci retracement of the May decline at 1.4569, having remained below the 78.6% Fibonacci retracement at 1.4732 on Wednesday.