Tag Archives: GBP/USD

Daily Market Technicals

EUR/USD managed a pop above the previous $1.2989 resistance level before correcting lower from the falling daily channel top.

EUR/USD: found strong demand around 1.2900 just as we were preparing for a break lower.

EUR: EUR/USD heading towards 1.27

The WSJ has its second blog post in a row suggesting that there is a strong case for Fed patience on rates

Today’s highlights: USDJPY’s advance has found a temporary halt just shy of the potential trend line resistance at 107.52.

EUR/USD is trying to bounce from its oversolddecline.

EUR/USD over 1.2890 would target 1.3047 next. Below 1.2908 would reopen the recent 1.2859 low again…

The pair closed in NY Monday at $1.6233 after rate had corrected back from a European morning recovery high of

The $1.2989 resistance level confirmed its significance with the EUR/USD pulling back from ahead of this level to start the new week.

EUR/USD: took out resistance above 1.2950-60 to a high of 1.2980 on a short squeeze in New York trading on Friday.

FX markets are mixed with outperformance from CAD, NZD, JPY and MXN and weakness from the Europeans and AUD.

EUR/USD is trying to bounce from its oversolddecline. However, the hourly resistance at