Tag Archives: USD/CAD

Daily Technical Report

EUR/USD weakened yesterday but failed tobreak its recent low at 1.2440 (03/11/2014 low).

EUR/USD is possibly forming a bearish “Triangle”. Watch both 1.2455 & 1.2605\14…

The USD is strong with several currencies trading to new lows, the U.S. 10year is up to 2.36%,

Today’s highlights: USDCAD above 1.1386 keeps the trend bullish for 1.1506 next,

EUR/USD has broken the hourly resistance at1.2544 (intraday high), suggesting a temporarypickup in buying interest.

Entering the Na session; oil prices are lower, the USD is mixed, U.S. 10‐year yields are at 2.31% and

EUR/USD has moved below the key support at1.2501, confirming persistent selling pressures.

EURUSD: The markets seems to be in the process of correcting short-term stretch with

U.S. equity markets closed October on a new monthly high; however a lack of upside momentum in

Developments in the Asian and European session were important drivers of medium term USD strength.

EUR/USD is approaching the key support at1.2501.

Today’s highlights: USDJPY has surged higher and stays bullish for 111.60