Tag Archives: Gold

Daily Technical Report

EUR/USD has broken the strong support areabetween 1.2755 and 1.2662, confirming anunderlying bearish trend.

The main event will be the press conference following the ECB meeting.

Following fresh 8 month lows Tuesday that saw gold come close to the 2014 low,

EUR/USD has broken the strong support areabetween 1.2755 and 1.2662, confirmingpersistent strong selling pressures.

In the US focus turns to ISM manufacturing for September.

Fresh 8 month lows overnight saw gold come close to the 2014 low with overall focus

EUR/USD has broken the strong support at1.2755 and is now testing the other one at1.2662.

German retail sales and French consumer spending figures are due for release thismorning.

The $1242.7 level remains key resistance with bulls needing a close above to confirm an easing of bearish pressure.

EUR/USD has broken the strong support at1.2755 and is now challenging the one at 1.2662.

n the euro area, the main event will be the release of preliminary Germanconsumer prices for September.

The $1242.7 level remains key resistance with bulls needing a close above to