Morning technical analysis – 28 May 2014May 28, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is continuing to look weak against the dollar in the medium term having recently broken below the neckline of the double top. However, before we see any further sell-off, we may see a bit of a correction in the pair, with the neckline potentially […]
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 – 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 – 6 March 2014March 6, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is continuing to look a little weak against the dollar, although we haven’t yet had confirmation that the trend has turned more bearish. The pair found support yesterday from a number of indicators, the middle bollinger on the daily chart, the 100-period SMA on […]
Morning technical analysis – 28 February 2014February 28, 2014 by Craig Erlam in Technical analysisEURUSDThe euro has looked a little more bullish over the last 24 hours, following the sell-off that saw it break below the ascending triangle on Wednesday. The only question now is whether the move in the last 24 hours is a correction of Wednesday’s move, or […]
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 […]
