Daily Technical Analysis – 10 December 2013December 10, 2013 by Craig Erlam in Technical analysisEURUSDThe euro is continuing to push higher against the dollar on Tuesday after recording a fifth consecutive day of gains at the start of the week. The pair is looking quite overbought now, as seen on the stochastic where it looks in the process of crossing […]
Daily Technical Analysis – 25 November 2013November 25, 2013 by Craig Erlam in Technical analysisEURUSDThe euro is looking bearish again this week, having failed to break back above the ascending wedge. Even the weekly chart is looking a little bearish, with last week’s candle being a hanging man, signalling a trend reversal. It is worth noting that this is not […]
Morning technical analysis – 19 November 2013November 19, 2013 by Craig Erlam in Technical analysisEURUSDThe euro is continuing to edge higher on Tuesday, although we’re still seeing no sign that it is going to break back above the ascending trend line that it broke below earlier this month. As a result, I’m still bearish in the long run, but that […]
Morning technical analysis – 8 November 2013November 8, 2013 by Craig Erlam in Technical analysisEURUSDThis pair is trading a little higher this morning, as it continues to pare some of yesterday’s huge losses. The pair fell 200 pips following the ECB rate decision, which came on top of another 200 pip drop over the last week on speculation of such […]
Morning technical analysis – 6 November 2013November 6, 2013 by Craig Erlam in Technical analysisEURUSDThe euro is trading higher this morning, after finding support once again around 1.3450 yesterday. The pair also failed to close below the 50 fib level again, confirming both of these levels as major levels of support. Given that the recent sell-off in the euro is […]
