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Daily Forex Technicals |
Written by Kshitij Consultancy Services |
Jul 03 09 13:06 GMT |
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Dollar-Swiss has once again risen towards 1.09 during the day and has come off a little since then. It is likely to continue trading in a range as during the US session, trading is likely to be muted as the US holidays. The range that we can look forward to is 1.0800-1.1025. However a break past the Support region of 1.0850-0810 is likely to take take the pair further towards the Projected Max Low for the day at 1.0749. We shall have to see whether the week ends with a quiet day today or lower volumes brings in volatility with them. Overall the range of 1.0650-1.1025 would hold going forward. |
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Daily Forex Technicals |
Written by FXTechstrategy |
Jul 03 09 10:28 GMT |
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Having turned off the 1.4177 level, its Jun 11'09 on Wednesday and followed through lower on Thursday, potential for further downside weakness continues to be seen though an early morning recovery higher was seen today. With this view supported by its bearish stochastics, we envisage weakness to initially target its Jun 29'09 low residing at 1.3981 level with a trade below there accelerating further declines towards the 1.3826 level, its Jun 22'09 low. |
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Daily Forex Technicals |
Written by iFOREX.bg |
Jul 03 09 10:16 GMT |
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Dollar/Yen made a downward movement on Thursday. The currency couple made a peak at 96.87, than dropped to 95.76 bottom, closing the day at 95.92. On the 1 hour chart is seen that the currency couple moves around a trend line from the end of last month, indicating an intense battle between bulls and bears, without clear direction yet. Our preferable scenario for now is descending, as the medium term trend is bearish. Signals are downwards with objectives towards 95.40. The CCI indicator has crossed up the 100 line on the 1 hour chart, so be careful for potential upwards pressure with possible test of the 96.50 resistance level. Break above this level may lead the USD/JPY into further bullish perspectives. |
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Daily Forex Technicals |
Written by Karoll Financial House |
Jul 03 09 09:48 GMT |
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EUR/USD has formed at least few years high last year at 1.6038 (15.07.2008). The subsequent sell-off was very sharp but turned out to be corrective in nature - flat correction. Wave A of it finished at 1.2549 (4 December 2008) and the following movement is wave B. My wave count for the said wave B is presented on the chart. I label it as a flat with currently developing wave c as a terminal impulse with extended fifth wave. |
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Daily Forex Technicals |
Written by Finotec Group |
Jul 03 09 09:28 GMT |
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EUR/USD-market strategy can be a buy from the level 1.3995$ In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. |
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Daily Forex Technicals |
Written by FXTechstrategy |
Jul 03 09 08:43 GMT |
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GBPUSD: Outlook for GBP continues to point to the downside nearer term following its recent failure at the 1.6427 level, its Jun 29’09 and its subsequent collapse. It closed lower Thursday and was seen facing downside pressure in early trading today. |
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Daily Forex Technicals |
Written by Varengold Bank |
Jul 03 09 08:41 GMT |
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After rebounded from its peak at the end of May, the currency pair has been trading in a zigzag movement. Today the EUR/USD lost its 38.2% Fibonacci retracement support and enforced the bears. As recently as at the S1 pivot point, at 1.3924, the bulls entered the market again. If the EUR recover again and climb over the 38.2% level sustainable, it could boost the bulls. |
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Daily Forex Technicals |
Written by DeltaStock Inc. |
Jul 03 09 08:36 GMT |
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EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3064 and 1.3524. |
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Daily Forex Technicals |
Written by iFOREX.bg |
Jul 03 09 08:12 GMT |
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Pound/Dollar made a descending movement on Thursday. The Cable reached a bottom at 1.6327, and close the day at 1.6392. On the 1 hour chart is seen that after failing to hold above the key 1.6660 resistance, the Sterling turned down and broke the 1.6350 support level. This should support the bearish perspectives in the near future, but the medium term views remains unclear. Short term signals are descending, with targets towards 1.6260. Immediate resistance is 1.6500. Break above this level may lead the currency couple into further bullish momentum. The CCI indicator has just crossed up the 100 line on the 1 hour chart, signaling for potential upward pressure. |
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Daily Forex Technicals |
Written by India Forex |
Jul 03 09 07:44 GMT |
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Yesterday again Euro has taken the trendline support of 1.3930 and maintains its range of 1.3900 and 1.4150. Breaking below 1.3900 would negate the bullish trend of euro again. Stay bearish below 1.3900. (Eur/Usd:1.3990) Neutral |
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Daily Forex Technicals |
Written by FOREX Ltd |
Jul 03 09 07:34 GMT |
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The pre-planned break-out variant for long positions has been implemented but with damage to achievement of anticipated targets. OsMA trend indicator having marked indefiniteness of bullish activity at break of key resistance range levels does not clarify the choice of planning priorities for today. Hence and considering chosen strategy case of range movement, we can assume probability of rate return to close 1,0820/40 support range levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions on condition of the formation of topping signals the targets will be 1,0880/1,0900, 1,0940/60, 1,1020/40 and (or) further break-out variant up to 1,1080/1,1100, 1,1140/60, 1,1200/20. The alternative for sales will be below 1,0760 with targets of 1,0700/20, 1,0640/60, 1,0580/1,0600. |
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Daily Forex Technicals |
Written by Mizuho Corporate Bank |
Jul 03 09 06:37 GMT |
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EURUSD Comment: Messy and we remind that a weekly close above 1.4200 is the absolute minimum needed to confirm an important upside break. Until then we shall have to allow for yet more random consolidation within the recent range. |
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Daily Forex Technicals |
Written by ecPulse.com |
Jul 03 09 06:18 GMT |
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Influenced by the strong resistance areas of 61.8% Fibonacci, the pair declined aggressively, reaching our detected target -check it here-. Now, Sterling vs. Japanese yen has found a solid technical support of the golden Fibonacci expansion ratio as seen on the above four-hour chart, which helped it to form a bullish candlestick pattern that helps us to say an upside correctional movement is highly predicted on the intraday basis, particularly if it closed above 157.30 zones -38.2% Fibonacci retracement- as this expected closing will be able to activate the indicators to adjust upwards. |
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Daily Forex Technicals |
Written by E-Forex |
Jul 03 09 06:14 GMT |
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Intra-day support on the 1.4100 failed to hold on yesterday and the pullback extended in the overnight trading to 1.2930, before recovering to 1.4000 at the time of this writing. Minor resistance is formed by the 1.4 handle and a breach above would open the more notable barrier at 1.4050/65 - formed by the weekly market open price. A close above the said level would keep both short and medium term studies bullish. However, the euro is facing difficulties on its attempts to establish higher support and aim towards recent top side at 1.4340. Range-bound trading is likely to continue, below 1.4180-1.4200 and above 1.3750. Current quote is 1.3997 @06:00 GMT |
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Daily Forex Technicals |
Written by ecPulse.com |
Jul 03 09 05:45 GMT |
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The Euro versus Dollar pair was able to reach the key support for the ascending channel at 1.3955 in an attempt to breach it yet failed to close below it keeping the uptrend within the channel valid targeting 1.4230. We expect the pair is to incline on the intraday basis to breach the 1.4000 level as far as 1.3900 remains intact. |
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Daily Forex Technicals |
Written by iFOREX.bg |
Jul 03 09 05:30 GMT |
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Euro/Dollar made a significant downward movement on Thursday. The currency couple made a top at 1.4148, than descended down to the 1.3933 bottom, closing the day at 1.4002. Technically the fact, that the 1.4000 support was penetrated downwards should create conditions for decreasing scenario with targets towards 1.3930, followed by 1.3810. The nearest resistance is Wednesday's top 1.4190. The CCI indicator is in the overbought zone and downwards on the 1 hour chart, assuming potential consolidation. |
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Daily Forex Technicals |
Written by FXtechtrade |
Jul 03 09 05:27 GMT |
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EUR/USD Today's support: - 1.3950(main), where correction is possible. Break would give 1.3938, where correction also may be. Then follows 1.3910. Break of the latter would result in 1.3897. If a strong impulse, we would see 1.3860. Continuation will give 1.3843. |
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Daily Forex Technicals |
Written by HY Markets |
Jul 03 09 04:15 GMT |
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EUR/USD closed lower on Thursday as it consolidated some of the rally off June's low. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral hinting that a short-term top might be in or is near. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews the decline off June's high, the reaction low crossing is the next downside target. |
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Daily Forex Technicals |
Written by Easy Forex |
Jul 03 09 03:46 GMT |
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Euro 1.3960 Initial support at 1.3827 (Jun 29 low) followed by 1.3827 (Jun 22 low). Initial resistance is now located at 1.4201 (July 1 high) followed by 1.4267 (Jun 5 high) |
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Daily Forex Technicals |
Written by FX Instructor |
Jul 03 09 01:48 GMT |
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The EURUSD failed to continue it's bullish momentum yesterday. The pair was unable to stay above 1.4176 area bottomed at 1.3988 and closed at 1.4002. The Greenback was in fact supported by risk aversion following worse than expected NFP data. Technically on h4 chart below, the trendline support has been violated to the downside indicating potential bearish outlook. The failure to stay above 1.4176 and trendline support violation could trigger further weakness for the Euro. The bias is bearish in nearest term testing 1.3850 area but medium term trend remains unclear as the pair still trapped in 1.4176 - 1.3750 area. Immediate resistance is seen at 1.4050. Break above that area should trigger further upside scenario re-testing 1.4176 |
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Daily Forex Technicals |
Written by FX Solutions |
Jul 02 09 18:13 GMT |
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Dollar-strengthening price action on AUD/USD, a daily chart of which is shown, has once again descended back down to a key uptrend support line extending from the March lows. This line has already been touched three times since its inception, and the current bearishness has created a fourth. While this currency pair can certainly be considered to be in an overall uptrend situation, the last several weeks have been marked by a prolonged sideways consolidation, much like the price action on other key currency pairs. |
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Daily Forex Technicals |
Written by FastBrokers |
Jul 02 09 15:48 GMT |
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The USD/JPY’s little rally is fading again as volume subsides. It seems the USD/JPY is dribbling to a dead-halt directionally with four consecutive lower highs (4/6, 5/7, 6/5, and now 7/1) combined with two consecutive higher lows (5/22, 6/23). The currency pair remains stuck choosing between the two deteriorating economies of Japan and the U.S. While worse than expected Tankan data provides upward buoyancy on the USD/JPY, negative unemployment data and falling U.S. equities create a downward pressure on price. |
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Daily Forex Technicals |
Written by FastBrokers |
Jul 02 09 15:44 GMT |
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The Cable is reacting negatively to the negative unemployment data points from both the U.S. and EU. Additionally, Britain’s construction PMI contracted from its previously release, coming in below analyst expectations. The positive sentiment the Pound has garnered over the past couple months has been dented by the disappointing GDP and current account data released earlier this week. |
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Daily Forex Technicals |
Written by FastBrokers |
Jul 02 09 15:43 GMT |
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The EUR/USD is losing yesterday's positive momentum after employment data from both the EU and U.S. showed rising unemployment continues to be a thorn in the side of the economic recovery. The EU's unemployment rate came in at 9.5%, two basis points above analyst expectations, while the previous release was revised upwards by one basis point. As for the U.S., America's unemployment was also reported at 9.5%, a basis point below analyst expectations. However, its non-farm employment change was much lower than anticipated (-467k vs. -360k). |
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Daily Forex Technicals |
Written by Kshitij Consultancy Services |
Jul 02 09 12:45 GMT |
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Cable has bounced from the low of 1.6329 and is likely to move further up. A rise past 1.6460 might take the pair further up towards 1.6600. On the downside, it has important Support near 1.6260-40 (where 1.6260 is the 200-MA on the 4H chart). A break past this which does not look likely may take the pair down towards 1.6163-35. The Projected Max Low for the Day is at 1.6250 which might be honoured. |
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Daily Forex Technicals |
Written by FX Greece |
Jul 02 09 10:46 GMT |
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Euro rose yesterday, breaching resistance at 1,4130-50 and formed a top at 1,4200. The sideways formation is still valid and we need a daily close and a clear break of 1,4150-00 in order to confirm an uptrend. |
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Daily Forex Technicals |
Written by DeltaStock Inc. |
Jul 02 09 10:39 GMT |
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EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3064 and 1.3524. |
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Daily Forex Technicals |
Written by Varengold Bank |
Jul 02 09 10:35 GMT |
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The JPY rose against 14 of the 16 most-traded currencies on concern that a report may show today that U.S. unemployment rate climbed for the 18th month, increasing demand for the relative safety of the JPY. The JPY strengthened versus the EUR from a two-week low to 136.65 at the highest level in the early Tokyo trading hours. |
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Daily Forex Technicals |
Written by FXTechstrategy |
Jul 02 09 10:31 GMT |
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With upside price failure on Tuesday forming a shooting candle pattern and putting the pair back into its sideways trading range, outlook for GBP remains to the downside nearer term while that pattern holds. In corroborating this view, the pair was seen weakening early trading today. |
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Daily Forex Technicals |
Written by iFOREX.bg |
Jul 02 09 10:10 GMT |
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On Wednesday Dollar/Yen attempted to rise, reaching a peak at 96.96, but further bullish movement was limited and the currency couple closed the day at 96.63. The 96.75 resistance was penetrated upwards, but the upward momentum is still unconvincing to confirm the upward trend views. A consistent movement above 96.75 may trigger further bullish momentum. The nearest support is 96.20. The CCI indicator has crossed up the 100 line, suggesting upward perspectives. |
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Daily Forex Technicals |
Written by Finotec Group |
Jul 02 09 09:45 GMT |
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EUR/USD-market strategy can be a sell from the level 1.4090$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bearish crossover above the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. |
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Daily Forex Technicals |
Written by Finotec Group |
Jul 02 09 09:08 GMT |
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The dollar strengthened after a Chinese Foreign Ministry official said he hoped the greenback would remain stable and was 'not aware' of a plan to discuss a new reserve currency at next week's Group of Eight meeting. The dollar climbed from a three-week low versus the euro after falling yesterday when Reuters reported that China had asked to debate proposals for a new global reserve currency at the G-8 summit in Italy. The yen rose from near a two-week low against the euro on speculation a U.S. report today will show the world's biggest economy lost jobs for an 18th month, spurring demand for the safety of Japan's currency. |
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Daily Forex Technicals |
Written by FXTechstrategy |
Jul 02 09 08:42 GMT |
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Although strength saw the pair closing strongly higher on Wednesday, an attempt on a break of its key resistance at the 1.4177 level, its Jun 11'09 high failed suggesting the mentioned upmove may not be sustainable. It was seen weakening in early trading today. However, if a follow through higher occurs and a turn back above the 1.4177 level is seen, further price incursion should shape towards the its YTD high at 1.4339. |
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Daily Forex Technicals |
Written by iFOREX.bg |
Jul 02 09 08:01 GMT |
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Pound/Dollar made indecisive movement yesterday, forming divergence on the 4 hour chart. The Sterling made a bottom at 1.6386, than rose to 1.6541, closing the day at 1.6477. On the 1 hour chart is seen that the Cable moves around a trend line and there are no clear directional signals in the short term. Immediate resistance is yesterday's top 1.6540, followed by 1.6655. Break above that level may trigger further bullish scenario in the medium term. The nearest support is 1.6330. The CCI indicator has crossed down the 100 line on the 1 hour chart, suggesting downward impulse. |
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Daily Forex Technicals |
Written by India Forex |
Jul 02 09 07:26 GMT |
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Euro maintains its range of 1.39 and 1.4150 Break of the range which has been held over 17 days would determine the breakout trend. The trend was expected to be bullish only if 1.41 held strong. Breaking of 1.3950 would negate the bullish trend of euro again. Stay bearish below 1.3950. (Eur/Usd:1.4040) Neutral |
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Daily Forex Technicals |
Written by FOREX Ltd |
Jul 02 09 07:22 GMT |
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The pre-planned break-out variant for sales has been implemented with achievement of minimal anticipated target. OsMA trend indicator, having marked relative bearish activity rise at break-out key support level as a sign of rate fall incompleteness argues for sales priority for planning priority choice for today. Hence and considering upside indicator trend we can assume probability of rate return to close 1,0780/1,0800 resistance range levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales on condition of the formation of topping signals the targets will be 1,0720/40, 1,0640/60, 1,0580/1,0600 and (or) further break-out variant up to 1,0520/40, 1,0460/80, 1,0400/20. The alternative for buyers will be above 1,0900 with targets of 1,0940/60, 1,1000/20. |
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Daily Forex Technicals |
Written by Mizuho Corporate Bank |
Jul 02 09 06:24 GMT |
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EURUSD Comment: Media getting excited as the Euro manages is strongest close in a month. We remind that a weekly close above 1.4200 is the absolute minimum needed to confirm an important upside break. Until then we shall have to allow for yet more random consolidation within the recent range. |
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Daily Forex Technicals |
Written by E-Forex |
Jul 02 09 06:12 GMT |
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Yesterday's boost to as high as 1.4200 - above last month's top at 1.4140 is seen as a bullish confirmation of current trend and the overnight pullback to 1.4100 is corrective, so far, support being formed at.14100 by the 50% retracement of yesterday's move from 1.4000 to 1.4200. The euro attempts to stabilize above the 1.4100 mark at the time of this writing. In case 1.4100 holds, upside targets could be challenged first at 1.4200 - yesterday's top, then higher - at 1.4250 - interim resistance on the way towards the yearly top at 1.4340. Upside is favored for now, while above 1.4100. Below that, extended losses may extend to 1.4000. Current quote is 1.4117 @06:00 GMT |
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Daily Forex Technicals |
Written by ecPulse.com |
Jul 02 09 06:08 GMT |
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The pair has formed a new bearish candlestick pattern, reviving that 61.8% Fibonacci level is very strong enough to face any upside action. Therefore we still see that it will show a downside action on the intraday basis particularly if TEMA & DEMA indicators succeeded to overlap negatively. A decisive breakout below 158.30 will cause a panic sell-off towards the initial support level of 155.80 zones. RSI 14 shows a bearish sign and AROON up -colored in green- has already penetrated areas of 70.00 supporting our negative anticipation. |
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Daily Forex Technicals |
Written by ecPulse.com |
Jul 02 09 06:05 GMT |
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The Euro versus Dollar pair was able to reach the resistance level at 1.4205 before reversing back to the downside in correctional movements that may reach the key support for the channel. We expect the pair is to decline on the intraday trend to reach 1.3950 before rebounding back to the upside on the short term targeting 1.4600. Note that several market movers are on queue later today including the US jobs report |
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Daily Forex Technicals |
Written by FXtechtrade |
Jul 02 09 05:36 GMT |
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EUR/USD Today's support: - 1.4082, 1.4660, 1.4017 and 1.3961(main), where correction is possible. Break would give 1.3938, where correction also may be. Then follows 1.3910. Break of the latter would result in 1.3897. If a strong impulse, we would see 1.3860. Continuation will give 1.3843. |
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Daily Forex Technicals |
Written by iFOREX.bg |
Jul 02 09 05:34 GMT |
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Yesterday Euro/Dollar attempted to drop, reaching a bottom at 1.4001, but further decreasing momentum was limited and the currency couple rose to the top 1.4190, closing the day at 1.4141. In the medium term there is still no clear direction significant movement, and the European currency is trading within a range. In upward direction important resistance at 1.4200 is expected. Downwards a strong support level is yesterday's bottom at 1.4000. Break below this level may trigger further weakening of the Euro. The CCI indicator is neutral on the 1 hour chart, suggesting calm trading. |
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Daily Forex Technicals |
Written by HY Markets |
Jul 02 09 04:27 GMT |
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EUR/USD closed higher on Wednesday as it extends the rally off June's low. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices is possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews the decline off this month's high, the reaction low crossing is the next downside target. |
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Daily Forex Technicals |
Written by FX-Forecaster |
Jul 02 09 04:05 GMT |
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Losses developed from a slightly lower level than expected but did reach the 1.1435-45 target. I don't really see any reversal signals currently and thus I am probably more in favor of another marginal new low today around the 1.1358-84 area. Thus look for a buying opportunity in the 1.1358-84 area. Only an earlier break above 1.1512 would risk a more direct bullish move up through 1.1546 and 1.1600 and back to the 1.1637-54 highs. I suspect this area should cap on first test. Note next resistances at 1.1693-14 and 1.1754. If the rally begins from 1.1358-84 then look for 1.1823-32. |
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Daily Forex Technicals |
Written by FX Instructor |
Jul 02 09 01:43 GMT |
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Finally, the EURUSD had significant movement yesterday. The pair broke above 1.4176 key level, topped at 1.4198 but closed lower at 1.4140. Technically the fact that 1.4176 was broken to the upside should setting up bullish scenario targeting 1.4336. However we need to be very patient since we will have NFP data today. If after NFP release the pair still able to maintain the bullish condition and stay above 1.4176, expect further bullish scenario. Immediate support is seen at 1.4050 – 1.4000 area. Break below that area should lead for further bearish pressure. CCI in overbought area and heading down on h4 chart suggesting potential downside consolidation. |
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Daily Forex Technicals |
Written by Easy Forex |
Jul 02 09 01:25 GMT |
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Euro 1.4135 Initial support at 1.3983 (Jun 29 low) followed by 1.3827 (Jun 22 low). Initial resistance is now located at 1.4201 (July 1 high) followed by 1.4267 (Jun 5 high) |
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Daily Forex Technicals |
Written by TheLFB-Forex.com |
Jul 01 09 19:50 GMT |
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The dollar index has traded higher recently from the 79.50 support zone into a higher wave c) leg, as expected near to wave a) highs. The wave count is showing a potential completed correction in wave II), which means that move near to 79.50 support zone should follow if. Any break of this support will suggest a temporary down-trend. |
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Daily Forex Technicals |
Written by TradersChoiceFX |
Jul 01 09 19:42 GMT |
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After failing to break above the 1.6375 price, the USD/CAD has dropped significantly, closing well below the supporting trendline. After several failed attempts to move higher, traders jumped on the currency pair, forcing the pair to trade nearly 200 pips lower. The selling pressure accelerated when the 10 period ema crossed the 30 ema and continued to decline even further as the 10 ema crossed over the 100 ema. |
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Daily Forex Technicals |
Written by FX Solutions |
Jul 01 09 18:01 GMT |
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Price action on EUR/GBP, a daily chart of which is shown, has been consolidating in a triangle formation as it has retraced back up to a key downtrend resistance line extending from the 0.9500 double-top high in mid-March. Still currently entrenched in a strong downtrend, this pair has some key directional events to watch for as price action unfolds. The top of the triangle currently coincides with the noted downtrend resistance line. |
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