Tag Archives: GBP/USD

Daily Technical Report

EUR/USD has broken the hourly resistance at1.2544 (intraday high), suggesting a temporarypickup in buying interest.

The pair closed in NY Tuesday at $1.5998 having recovered off an early day low of $1.5965 to $1.6016,

After having made fresh 2014 and 2 year lows Monday bulls are taking some comfort in the lack of follow

Entering the Na session; oil prices are lower, the USD is mixed, U.S. 10‐year yields are at 2.31% and

EUR/USD has moved below the key support at1.2501, confirming persistent selling pressures.

The pair closed in NY Monday at $1.5975 after rate had recovered off earlier Asian lows of $1.5928 to

Fresh 2014 and 2 year lows reconfirmed bearish pressure last week with overall focus currently on the $1.2042 2012 low.

U.S. equity markets closed October on a new monthly high; however a lack of upside momentum in

The pair closed in NY Friday at $1.5995 after rate had managed to recover off NY session lows of $1.5943 to

Fresh 2014 and 2 year lows reconfirmed bearish pressure last week with overall focus having shifted to the $1.2042 2012 low.

Developments in the Asian and European session were important drivers of medium term USD strength.

EUR/USD is approaching the key support at1.2501.