EUR/USD EUR/USD broke below the 78.6% retracement of the late-March range yesterdayWhile below 1.0830 our near-term trend bias is lower in the euroThe 127% extension of the 2005-2008 adavance around 1.0440 looks to be the next major pivot for the rateA minor turn window is eyed around the end of the weekInterim resistance is seen around 1.0685, but only a move through 1.0830 would turn us positive on the single currency ...
EUR/USD rallies back above 1.2500Monday’s range extremes critical in the AussieUSD/CAD sentiment close to neutral EUR/USD EUR/USD failed yesterday near the 2nd square root relationship of the year’s low at 1.2580Our near-term trend bias is negative in the exchange rate while below 1.2580A close under 1.2440 is now needed to confirm a resumption of the ...
- Euro matches longest weekly consecutive losing streak since inception - Sentiment, Positioning, and cyclical studies all warn of a potential EURUSD reversal - Watch critical support ahead of highly-anticipated European Central Bank decision The Euro has now matched its longest weekly losing streak on record as the Dollar surges. Why do we think it’s at special risk of reversal in the coming week? Euro Matches Longest Consecutive Weekly Decline since ...
EURUSD 1.3017 could produce an important low if reachedUSDJPY breaks outAUD relative strength EUR/USD Weekly -“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. 1.3750 is an important reference point (year open).” -The break of 1.3476 completed a topping process with targets ...
Talking Points EUR/USD touched multi-month lowSPX nearing key resistance zoneUSD/JPY overcomes key pivot Price & Time Analysis: EUR/USD EUR/USD has come under further pressure to touch its lowest level since late SeptemberOur near-term trend bias is lower in the euro while below 1.3430The 6th square root relationship of the year’s high at 1.3280 ...
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