Pair started the week in a calm fashion and at the moment is hovering above the 55-day SMA.
The beginning of the last week the Euro stayed buoyant. Within the first three days the common currency even appreciated 0.3%, even though its main counterpart, the U.S. Dollar, has been on the constant rise since Oct 28 despite weak fundamentals. Apparently, the market participants gave the Euro the benefit of the doubt ahead of the important macroeconomic releases that
USD/CHF has found significant resistance in the face of 0.9128/25 and may therefore slip to the nearest support at 0.9061/47 or at 0.9031/21 before making another attempt to overcome this supply zone.
Considering that USD/JPY has recently respected the up-trend that connects the minima charted since February and penetrated the key resistance at 98.50/33 (200-day SMA), the U.S. Dollar is set to strengthen against the Japanese Yen in the long run, as evidenced by the monthly technicals as well.
Similarly to EUR/USD, the Cable, being unable to overcome the major down-trend, is sliding down.
Although the currency pair has stopped at 1.3506/1.3492 for now, it still seems to be inclined to move lower after a strongly bearish week.
It seems that support from 55-day SMA is irrelevant anymore and only October low in conjunction with weekly S1 seems to be holding the pair.
It seems the pair has stabilized around September high after yesterday's sell off.
Pair has dipped below the weekly PP and seems to be aiming at 55-day SMA.
Pair continues to depreciate; it dipped below the 133 JPY but seems to have found support with the 55-day SMA.
As expected the pair continues to appreciate and at the moment is testing weekly R2/55-day SMA.
Pair continue to narrow it's trading range (which look like a Triangle pattern) and despite the aggregate reading of short and medium term technicals we expect a bullish breakout.
Pair showed the intention, but failed to return above the uptrend support.
Euro-greenback cross plummeted through quite a few strong technical level, one of them being uptrend support, lost 140 pips in the process and is approaching weekly S3/55-day SMA at the moment.
Pair dipped to October low, but bounced form it and at the moment is trading slightly above the 55-day SMA.
The pair has failed ahead of weekly and monthly R1/downtrend resistance (July and August highs).
Weekly S2 keeps the pair supported for the second day in a row and it is showing some bullishness.
As anticipated the pair did not manage to advance above the October high and at the moment is hovering above the 20-day SMA.
Pair seems to be facing difficulties breaching weekly R1/20-day SMA, but we expect the pair will advance above it in the course of a few days.
Pair seems to be gradually narrowing it's trading range. One could say it is developing in a Triangle pattern in a sense.
Pair has dipped below a 2-3 month uptrend support which elevates ,the high already, downside risk of the pair further.
Pair continues depreciate and we do not expect weekly S1/monthly R1/20-day SMA to hold long.
Pair is continuing to depreciate and at the moment is being supported by the 55-day SMA.
Pair reached new relative high which have put weekly and monthly R1/downtrend resistance at 1.0512/28.