Tag Archives: EUR/SEK
FX Daily Crosses
Today’s highlights: – EURGBP: Breakout above .8686 exposes the high of .8718 once again. The market would need to breakout above here to expose .8800/33 resistance zone.
Technical Alert
EURUSD did not develop a triangle, but must break 1.3520 to disqualify a bearish wave count in the making…
No change from G20: G4 currencies stay weak
As we’d expected, the weekend G20 statement contained no real news. It would certainly have been surprising had it singled out Japan as already pursuing over-aggressive
FX Daily Crosses
Today’s highlights: – EURGBP: Struggling again towards the upper end of the current trading range. We continue to expect the market to remain capped by .8686, with risk towards .8442.
Technical Alert
EURUSD trades in a contracting range, seen as a bearish continuation pattern. Once broken the mid-1.32s should be targeted. Key ref above remains located at 1.3520…
FX Daily Crosses
Today’s highlights: – EURGBP: Rebounding higher as support at .8571 holds for now. Despite this, we expect upside to be limited to .8686 resistance, with risk still lower for .8442.
Technical Alert
No big moves seen post G-20 and Chinese New Year festivities. The weekly chart however reveals some interesting patterns such as the long upside mid body spike in EURUSD calling for more weakness in the weeks to come and GBPNOK’s weekly spring bottom with bull divergence.
FX Daily Crosses
Today’s highlights: – EURGBP: Market remains capped by .8686 resistance and we continue to expect a decline back to range support at .8442. Below here targets .8364/50.
Technical Alert
The common currency continued to give up ground yesterday, further enhancing the view of a possible ending July correction.
FX Daily Crosses
Today’s highlights: – EURGBP: Resistance found at .8686, importantly ahead of the .8718/9 hurdles. We still expect the market to reverse lower to target .8442 chart support once again.
Technical Alert
Eventful day yesterday with SEK strength and GBP weakness (GBPSEK down to a 21year low). EURSEK exited the past months range breaking 8.50/51 (next down to 8.43 and then a corrective bounce),
FX Daily Crosses
Today’s highlights: – EURGBP: Rebound back challenging topping trendline resistance at .8632. We expect a reversal lower from the upper end of this current range and for a decline lower to .8364/50.