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 […]
Daily technical analysis – 31 March 2014March 31, 2014 by Craig Erlam in Technical analysisEURUSDThe 50-day SMA and the 50 fib level, 3 February lows to 13 March highs, have combined to provide significant support for the pair over the last couple of days, which could be a sign that the recent weakness has been nothing more than a correction […]
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 […]
