Tag Archives: EUR/JPY

Daily Market Technicals

Recent topside failures ahead of the key $1.3445 resistance level have seen bearish hopes tentatively reconfirmed.

EUR/USD: Momentum strongly pro-decline, but euro also clearly oversold.

Today’s highlights: USDCAD stays biased directly higher to challenge 1.1027/54 next. Above here would open up a move to retest the 1.1280 March high.

EUR/USD is holding the low implied byWednesday’s hammer. Coupled with theproximity of the key support at 1.3296,

Friday’s bounce fell short of the $1.3445 resistance level with bulls needing a close above this level to confirm an easing of bearish pressure.

EUR/USD is holding the low implied byWednesday’s hammer. Coupled with theproximity of the key support at 1.3296, a shorttermrebound is likely.

Today’s highlights: USDJPY risk is seen lower towards 101.32, followed by 101.09/07.

Pressure remains on the fresh 2014 low at $1.3333 set on Wednesday with bulls now needing a close above $1.3407 to

EUR/USD made a bullish intraday reversalyesterday (hammer). Coupled with the proximityof the key support at 1.3296,

Today’s highlights: USDJPY ideally holds above price support at 101.78/70 to keep the immediate risk higher.

The bounce from fresh 2014 and 9 month lows Wednesday has seen initial support develop on the hourlies at $1.3378 but

EUR/USD has failed to break the hourlyresistance at 1.3444 (28/07/2014 high). Thesubsequent new (marginal) lows confirm anunderlying downtrend.