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 – 30 April 2014April 30, 2014 by Craig Erlam in Technical analysisEURUSDWe’ve seen a really strong rally in the pair in the last couple of hours following a negative start to the day. The sell-off saw the 50 fib level – 4 April lows to 11 April highs – once again provide solid support for the pair. […]
Morning technical analysis – 25 April 2014April 25, 2014 by Craig Erlam in Featured, Technical analysisEURUSDThe euro is creeping higher again this morning but the picture hasn’t really changed here. The pair is still range bound, with support being found around 1.3788, from the 50 fib level – 4 April lows to 11 April highs – and resistance around 1.3850. […]
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 – 19 February 2014February 19, 2014 by Craig Erlam in Technical analysisEURUSDHaving finally broken above the 24 January highs and the 61.8 fib level, the euro is starting to look more bullish against the dollar. That said, the pair is still likely to face significant resistance in the short term around 1.3810, which has been a key […]
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 – 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 – 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 […]
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 – 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 […]
