Morning technical analysis – 7 January 2014January 7, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is trading lower against the dollar this morning after failing to close back above the neckline of the double top yesterday. This failure to close back above could be seen as confirmation of the initial break below the neckline, prompting a move back towards […]
Morning technical analysis – 3 January 2014January 3, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is looking pretty weak against the dollar at the moment, having broken through two ascending trend lines in the last few weeks, with the first being confirmed at the end of December when the pair failed to break back above the trend line. For […]
Morning technical analysis – 19 December 2013December 19, 2013 by Craig Erlam in Technical analysisEURUSDThe FOMC announcement did not disappoint last night, creating huge surges in volatility, followed broadly by dollar gains. The euro was one of the biggest losers against the dollar last night, closing more than 80 pips lower on the day following the initial period of excessive […]
Daily Technical Analysis – 13 December 2013December 13, 2013 by Craig Erlam in Technical analysisEURUSDThe consolidation in this pair over the last couple of days, which previously looked like a triangle – a continuation pattern – has now become a descending triangle. This is typically a bearish pattern, regardless of whether it appears in an uptrend or a downtrend, so […]
Daily Technical Analysis – 12 December 2013December 12, 2013 by Craig Erlam in Technical analysisEURUSDThe euro is trading lower against the dollar on Thursday, following seven consecutive wining sessions. The rally over the last seven days has been particularly aggressive, so this could just be a temporary consolidation in the pair rather than a bigger retracement. This is what the […]
Daily Technical Analysis – 10 December 2013December 10, 2013 by Craig Erlam in Technical analysisEURUSDThe euro is continuing to push higher against the dollar on Tuesday after recording a fifth consecutive day of gains at the start of the week. The pair is looking quite overbought now, as seen on the stochastic where it looks in the process of crossing […]
Daily Technical Analysis – 21 November 2013November 21, 2013 by Craig Erlam in Technical analysisEURUSDWe’re seeing a bit of a recovery in the euro today, following an aggressive sell-off yesterday. This came as a result of a rumour that circulated around negative deposit rates being used as stimulus in the future over other rate cuts. Talk of further stimulus so […]
Morning technical analysis – 8 November 2013November 8, 2013 by Craig Erlam in Technical analysisEURUSDThis pair is trading a little higher this morning, as it continues to pare some of yesterday’s huge losses. The pair fell 200 pips following the ECB rate decision, which came on top of another 200 pip drop over the last week on speculation of such […]
Morning technical analysis – 6 November 2013November 6, 2013 by Craig Erlam in Technical analysisEURUSDThe euro is trading higher this morning, after finding support once again around 1.3450 yesterday. The pair also failed to close below the 50 fib level again, confirming both of these levels as major levels of support. Given that the recent sell-off in the euro is […]
