Tag Archives: EUR/SEK
Technical Alert
The euro is giving more back… EURUSD towards the low-1.34s seems increasingly likely – so far as a reaction to a prior stretch. Let’s see how this develops…
Market Spotlight: EURSEK still topping out for 8.4150
Market continues to grind out a major head and shoulders top for 8.4150. EURSEK remains capped by 8.7190/8.7327 and more immediately by 8.6542/8.6627.
FX Daily Crosses
Today’s highlights: – EURGBP: Aggressive rally brings the market through the long-term downward trendline spanning from the 2008 high of .9803 to test the .8719 50% retrace. We expect this to cap.
FX Technical Volume Strategy: February starts with a bang for EUR
– The first day of February saw no let-up in the 2013 trend for high volumes: over the last year it was our third highest day overall.
Technical Alert
Euro strength continued Friday however with a first sellers response ahead of the w/e. JPY continued to weaken and GBP (in terms of the BOE GBP index) continues to fall hard.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Market remains capped by .8607, ahead of the key .8626/67 chart resistance zone. We expect a test of trendline support at .8528, and below here targets .8364.
Technical Alert
Despite multiple crosses having arrived at their respective target points the € remains relentlessly bid. JPY continues to be sold (and Nikkei bought).
Technical Alert
Yesterday many euro pairs moved into their respective target ranges for the current move. Accordingly signs of euro weakness our main focus for the day.
Technical Alert
EURUSD hovers just below the 1.35-mark, but after breaking the 2012 high (1.3487) a “triangle objective” at 1.3545 applies – though watch out for presumed stops below 1.3380…
FX Daily Crosses
Today’s highlights: – EURGBP: Resistance found at .8589, after prodding above the 61.8% Fibonacci retracement. Scope for a correction back to trend support at .8462.
FX Trends daily (FOCUS: EUR/SEK)
EUR/SEK A head and shoulder pattern has formaed on the daily chart after teh failure to clear the resistance at 8,7178 (October 2012 high pivot).
Technical Alert
EURUSD trades too close to the 2012 high (1.3487) not to test it. The broken triangle calls for 1.3545… Some USDJPY selling is going through it seems and perhaps the market is ripe to correctively pare some of the recent gains…