Tag Archives: Gold

Daily Technical Report

EUR/USD’s recent bounce is likely over. As aresult, a full retracement towards the key supportat 1.2501 is favoured.

EURUSD: The pair initially fell down between the 1.2625 and 1.2605support points before

A quiet day on the data front. German consumer confidence released at 08:00 isexpected to

The recovery from ahead of the $1180.2-1182.4 region resulted in the first pop above the 55-DMA ($1249.4)

EUR/USD continues to weaken, as can be seenby the break of the hourly support at 1.2706 (seealso the rising channel).

Main event will be euro Flash PMI for October, which provides country details forGermany and France.

The recovery from ahead of the $1180.2-1182.4 region resulted in the first pop above the 55-DMA

EUR/USD has weakened near the hourlyresistance at 1.2901.

Main release will be US CPI for September. Inflation has been subdued in the pastmonths with monthly changes in core CPI being low.

The recovery from ahead of $1180.2-1182.4 resulted in the first pop above the 55-DMA

EUR/USD continues to be well supported, ascan be seen by the succession of higher lowssince the one at 1.2501.

EURUSD: The Oct12-21 contracting range looks like a just broken Triangle,