Morning technical analysis – 18 February 2014February 18, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is creeping higher against the dollar again this morning but once again, the pair is clearly running into resistance near those previous highs of 1.3739 and the 61.8 fib level, 27 December highs to 3 February lows. The pair could be showing overbought signs […]
Morning technical analysis – 14 February 2014February 14, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is continuing its push higher this morning but as with the Tuesday and yesterday, the pair is running into strong resistance around 1.37. This happens to coincide roughly with the 50 fib level, 27 December highs to 3 February lows, which the pair has […]
Morning technical analysis – 13 February 2014February 13, 2014 by Craig Erlam in Technical analysisEURUSDIn Tuesday’s morning’s technical analysis, I mentioned that despite the pair looking a little more bullish, we needed to see a close above the previous high, of 1.3739, before I become bullish. Not only have we not seen that, the pair bounced quite aggressively off the […]
Morning technical analysis – 11 February 2014February 11, 2014 by Craig Erlam in Technical analysisEURUSDThe outlook for this pair hasn’t changed much since yesterday, having failed to close above the 50-day SMA. It did close marginally above the 61.8 fib level yesterday and has made further attempts to break higher this morning, which makes it look a little more bullish, […]
Morning technical analysis – 7 February 2014February 7, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is edging lower again this morning, after spiking higher yesterday following Mario Draghi’s surprisingly hawkish press conference. The pair failed to close above 1.3608, the 50% retracement of the move from 24 January highs to 3 February lows, as well as the 20 and […]
Morning technical analysis – 6 February 2014February 6, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is trading relatively flat against the dollar ahead of the key ECB decision this afternoon. This has actually been the case over the last couple of days leaving the pair in a consolidation phase and unlikely to break out before the rate decision and […]
Morning technical analysis – 31 January 2014January 31, 2014 by Craig Erlam in Technical analysisEURUSDThings could be about to turn a lot more bearish for the euro as it attempts to break below a couple of significant levels of support. The first is the ascending trend line, which dates back to 6 September. The pair has respected this level on […]
Morning technical analysis – 29 January 2014January 29, 2014 by Craig Erlam in Technical analysisEURUSDYesterday’s rebound off the neckline of the double bottom has made the eurodollar pair look a lot more bullish in the short term, despite the initial failure to close above the 50 fib level, around 1.37. Based on the size of the double bottom, we should […]
Morning technical analysis – 20 January 2014January 20, 2014 by Craig Erlam in Technical analysisEURUSDLast weeks candle has only added to the negative outlook for the euro, having closed near its lows, barely rallied above its opening level and closed below the 20-week SMA for the first time since the start of July last year. The daily chart is looking […]
Morning technical analysis – 17 January 2014January 17, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is still looking bearish against the dollar despite rallying for much of yesterday’s session. The pair failed to break above this week’s highs during the rally and closed below the marabuzo line of the previous candle. This suggests yesterday’s rally was just a brief […]
