Tag Archives: EUR/SEK
Technical Analysis
More dollar weakness seen overnight post Fed. We are looking for a marginally new dollar low today however followed by an almost immediate u-turn. EURUSD looks to have potential above 1.3121 but below 1.3199, GOLD passed a bullish milestone yesterday, USDJPY stalling on back of lower US bond yield, EURSEK underpinned by a potential bull […]
Technical Analysis
EUR/USD – sandwiched USD/JPY – sleeping beauty waking up AUD/USD – buyers keep responding EUR/SEK – high session close EUR/NOK – strong buyers’ response
Technical Analysis
USD index is entering a stronger support area… EURUSD added a bullish engulfing candle as a continuation print, but with plenty resistance above extension north is not a done deal… GBPUSD on the other hand added a potentially bearish “Doji” just below thick resistance which could be the harbinger for a fresh bout of pound […]
Technical Analysis
Still unclear whether the EUR bounce has run its course or not. EUR/USD short term wide open, EURJPY likewise (watch cautiously 100.33/77) but EURGBP’s downside key day reversal argues for more downside (a short term GBPJPY play?), EURSEK and EURNOK both posted inside days suggesting that topside risk somehwat higher than the opposite, at least […]
Technical Analysis
Euro short covering continued to dominate the scene also yesterday (Spec pos short euro trimming?). Dollar index eyeing the 79.00/50 buy area, rechecking and validating its neckline, EURSEK continues to trade lower and is eyeing the 2011 low 8.6990,
EUR/SEK ANALYSIS
EUR/SEK to extend weakness to 8.7109 and 8.7006, as the sustained EUR downtrend pushes into fresh 10-month lows below 8.7838. A daily close below 8.7838 would upgrade the eight-week bear wave off the 9.2940 lower high, bringing the focus onto a 1.618 Fibonacci extension target at 8.7109 and leaving the important February 2011 reaction low […]
Technical Analysis
Several EUR pairs having reached their first upside correction targets (in some cases some room left) and the market should hence be vulnerable to renewed weakness. AUDUSD is approaching rather important resistance levels in the 1.0480/0570-area, EURSEK still looks set to try 8.78, possible 8.70.
European FX Market Analysis
EUR/USD – Recovery extended to $1.27714 in early Europe before demand met stronger supply from a UK name. Rate has pulled back but seen meeting will buyers in the area between $1.2750/40 which is currently keeping it buoyed.
Technical Analysis
EUR/USD is rechecking Fri’s mid-body point at 1.2740. Bullishly above could lead into a more pronounced correction, but back under 1.2648 would be renewed fully bearish (and target 1.2588)… AUDUSD has confirmed support below and over 1.0400 would open up for 1.0500\85…
Technical Analysis
The euro correction elaborated around Friday morning became more short lived than outlined. Key day reversals seen in several EUR & USD pairs, suggesting that the underlying trends, weaker euro/stronger dollar is back on track.
Technical Alert – euro short covering across the board
One big theme emerging yesterday, euro shortcovering. So the common currency up agains everthing else, even helping pushing AUD and NZD lower ag the greenback. The correction will likely continue for a day or two longer given the extremely oversold status.
Technical Analysis
The correctional moves higher in EURUSD & EURGBP seem to be cut short. Back under 1.2720 & 0.8239 would strongly argue for fresh lows… EURSEK over 8.83 would correctively target ~8.85\8.87 and EURNOK added a potentially bullish print yesterday and a 7.6760 watch is warranted…