Tag Archives: Gold

Daily Technical Report

EUR/USD is consolidating after its steepdecline. Despite yesterday’s break of the hourlyresistance at 1.2716 (10/10/2014 high),

In the euro area there will be attention on industrial production for August after asharp drop

Following on from Thursday’s close above the 21-DMA gold has since found support on dips with

EUR/USD is consolidating after its steepdecline. An hourly resistance lies at 1.2716(10/10/2014 high).

EURUSD: With renewed buying ahead of the 1.2583 key support (andconfirmation point for new lows)

Euro area finance ministers will today meet at 14:30. The main topic will berecommendations to member states on fiscal and economic policy.

Following on from Thursday’s close above the 21-DMA gold has since found support on dips at the 21-DMA

• This week’s data suggests three core themes: 1) the favoured position is long USD,

EUR/USD’s bounce is losing momentum nearthe hourly resistance at 1.2816.

There will be some focus on French and Italian industrial production after the Germanfigure’s weakness in August.

While the 21-DMA supports immediate focus remains on the $1242.7-1245.1 region

EUR/USD has broken the hourly resistance areabetween 1.2699 (02/10/2014 high) and