Morning technical analysis – 15 May 2014May 15, 2014 by Craig Erlam in Technical analysisEURUSDThe sell-off in the euro may have only just begun, despite having fallen more than 3 cents against the dollar (300 pips) since failing to break 1.40 a week ago. Yesterday’s gains appear to have been nothing more than a brief period of consolidation, with the […]
Daily technical analysis – 28 April 2014April 28, 2014 by Craig Erlam in Technical analysisEURUSDFollowing two weeks of sideways trading in this pair, the euro has finally broken higher against the dollar and closed above the 1.3850 resistance on the 4-hour chart. This could now prompt the next bullish move in the pair, although in the short term, we could […]
Morning technical analysis – 7 April 2014April 7, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is looking a little more bullish this morning, having found strong support on Friday around 1.3663, the 61.8% retracement of the move from 3 February lows to 13 March highs. The failure the break below this level could be a sign that the correction […]
Morning technical analysis – 3 April 2014April 3, 2014 by Craig Erlam in Technical analysisEURUSDThe euro was looking a little more bullish against the dollar at the start of the week, following the bounce of the 50-day SMA and 50 fib level, 3 February lows to 13 March highs. We’d also seen divergence at this level which made it look […]
Morning technical analysis – 25 March 2014March 25, 2014 by Craig Erlam in Technical analysisEURUSDDespite having a good couple of days, I’m not convinced that the retracement in this pair has been completed. The pair rallied since finding support from the 61.8 fib level, 27 February lows to 13 March highs, but at the moment, this is looking more like […]
Morning technical analysis – 21 March 2014March 21, 2014 by Craig Erlam in Technical analysisEURUSDIt’s been a very good couple of days for the US dollar but I must stress, this has been driven almost entirely by the surprisingly more hawkish stance of the Federal Reserve on Wednesday evening, which is dollar bullish. It must be said that this stance […]
Morning technical analysis – 13 March 2014March 13, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is looking very bullish against the dollar right now and yesterday’s move only added to that. On the daily chart below the pair has just broken above the upper bollinger again following a similar move last week. This is generally viewed as quite a […]
Morning technical analysis – 3 March 2014March 3, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is trading higher against the dollar this morning after gapping lower over the weekend. The flight for safety has seen the dollar strengthen against most currencies over the weekend, although we have seen the euro pare some of these losses already today. The pair […]
Morning technical analysis – 27 February 2014February 27, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is looking much more bearish against the dollar this morning, having broken below the ascending triangle yesterday, before briefly consolidating and breaking lower again. As mentioned previously, ascending triangles tend to be bullish but this is not always the case. Occasionally, we will get […]
Morning technical analysis – 25 February 2014February 25, 2014 by Craig Erlam in Technical analysisEURUSDWe’ve seen some consolidation in this pair over the last week or so, ever since it failed to make new highs for the year, having come within a couple of pips of the 2 January highs. This level has been tested, and held, a few times […]
