Tag Archives: Gold

Daily Technical Report

EUR/USD remains capped by the short-termdeclining trendline and the hourly resistance at1.2988 (05/09/2014 high).

In the euro area, ECB president Mario Draghi will testify before the EuropeanParliament’s Economic and Monetary Committee at 15:00 CET.

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

U.S. Review FOMC Meeting Does Little to Change Our Outlook • The Fed lowered its projections for GDP and unemployment slightly,

With risk events looming traders scaled back one way bets against most currencies,

EUR/USD remains capped by the short-termdeclining trendline and the hourly resistance at1.2988 (05/09/2014 high).

Main focus will be the digestion of the Scottish referendum. The ‘No’ vote means wewill see some relief in the markets.

The $1242.7 level confirmed its significance as initial resistance Tuesday with

EUR/USD has failed to break the hourlyresistance at 1.2988 (05/09/2014 high).

EURUSD: With the break below 1.2908 the past week’s minorcorrection was history and

The result of the first ECB TLTRO will be announced and we expect a fairly low takeof EUR97bn.

The $1242.7 level confirmed significance as initial resistance with bulls continuing to