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Short Term Technical Analysis for Majors (10:00 GMT) EURUSD Strong bearish signal was generated by yesterday’s long red daily candle. Weakness cracked daily Ichimoku cloud base at 1.1142 and hit fresh low at 1.1131. Near-term action is in narrow consolidation mode under initial barrier at...

Short Term Technical Analysis for Majors (09:30 GMT) EURUSD Reversal signal was generated on daily chart, following yesterday’s rally that left long bullish daily candle and peaked at 1.1445. Rally confirmed strong support at 1.1367 zone (Fibo 61.8% of 1.1213/1.1614 rally), which contained...

Short Term Technical Analysis for Majors (11:15 GMT) EURUSD The pair holds positive near-term tone on two-day recovery from 1.1232 low, which came ticks away from pivotal 1.1348 barrier (daily Tenkan-sen line / 50% retracement of 1.1463/1.1232 downleg). Overall bullish structure favors further...

Short Term Technical Analysis for Majors (10:00 GMT) EURUSD The Euro failed to break above strong 200SMA barrier, which was cracked on a brief extension to 1.1056 (yesterday’s high). Quick reversal and daily close below psychological 1.10 support, left Doji candle with long upper shadow...

Short Term Technical Analysis for Majors (11:30 GMT) EURUSD The Euro traded within 140-pips wide range on Friday, after US jobs data were released, on sharp U-turn from 1.09 low to 1.1041 (daily high), where strong 200SMA barrier capped upside attempts. Bullish daily and weekly close on Friday...

Short Term Technical Analysis for Majors (10:00 GMT) EURUSD The Euro remains within narrow consolidation range, holding around daily cloud top at 1.0865, where it closed for the past two days. Double–Doji confirms strong indecision, as larger descend was temporarily stopped by daily Ichimoku...

Short Term Technical Analysis for Majors (11:00 GMT) EURUSD The Euro returned above 1.10 handle, after yesterday’s extended dip to 1.0955, where daily 100SMA contained dip. Yesterday’s trading was shaped in long-legged Doji, which signals indecision, as the second attempt to close below 1.10...

Short Term Technical Analysis for Majors (12:30 GMT) EURUSD Near-term structure remains weak, as the pair posted marginally lower low at 1.1105 yesterday, with another red daily candle with long upper shadow, which confirms persisting downside pressure. However, the pair was so far unable to...

Short Term Technical Analysis for Majors (12:30 GMT) EURUSD The Euro returned back into daily Ichimoku cloud, on extended recovery that commenced from 1.08 zone, lows hit on Friday’s sharp fall and retested yesterday. Daily chart shows range-trading, with flat daily indicators, holding in...

Short Term Technical Analysis for Majors (10:00 GMT) EURUSD The Euro extends two-day recovery from 1.0787, hourly higher base, formed on downside rejection towards pivotal 1.0776 support, 21 Jan low. Recovery rally penetrated into daily Ichimoku cloud, on probe above cloud base at 1.0859...

EURUSD The pair remains under pressure and moves lower, approaching initial support at 1.08, last Friday’s post NFP low. Bears are taking control on daily technicals, as probe below daily 55SMA at 1.0830, is turning setup of daily MA’s into full bearish mode and indicators are moving into...

Short Term Technical Analysis for Majors (13:30 GMT) EURUSD The Euro returned below broken bear-channel resistance line and daily 20SMA, above which it closed on Friday’s strong rally. Friday’s daily candle with very long tail, showed renewed buying interest, however, fresh bulls in Asia that...

EURUSD The Euro was down 10.28% against the US dollar in 2015, ending year under psychological 1.10 barrier. Low of the year 2015 at 1.0461, posted in March, remained intact, despite repeated attempts lower, which were contained just above 1.05 handle. Weekly and monthly technicals remain...

EURUSD The Euro consolidates within 1.0868/1.0982 range, holding in daily Ichimoku cloud, after recovery leg from 1.0801, low of 17 Dec, stalled under psychological 1.10 barrier. Bullish daily studies favor resumption of the upleg from 1.0801, for final attack at key 1.1058/55 barrier, former...

Short Term Technical Analysis for Majors (11:00 GMT) EURUSD The Euro extends near-term recovery from 1.08 zone, where pullback from 1.0978 peak was contained and hourly higher low formed. The pair broke above hourly Ichimoku cloud top, which now offers initial support at 1.0872. Yesterday’s...

Short Term Technical Analysis for Majors (11:00 GMT) EURUSD The Euro probed above 1.06 barrier, on a bounce from yesterday’s marginally lower low at 1.0556. Current action is seen as consolidation and preceding fresh bears towards initial target at 1.0519 and key med-term support at...

EURUSD The Euro cracked psychological 1.06 support, on extension of last Friday’s bearish acceleration that left bearish outside day. Strong bearish stance is also confirmed by negative weekly close. Firm break below 1.06 handle, is expected to trigger stops and accelerate towards next target...

EURUSD The Euro bounced after posting fresh low at 1.0615 yesterday, on profit-taking action that peaked at 1.0717. Falling daily 10SMA, reinforced by falling daily Tenkan-sen, which maintains downmove for the past month, capped so far the rally at 1.0717. This barrier should ideally keep the...

EURUSD The Euro is back above 1.10 handle, where it closed on Friday, after recovery rally was capped by bear-trendline that connects 1.1712 and 1.1458 peaks at 1.1070 and daily candle with long upper shadow, signaled strong selling interest. Further recovery cannot be ruled out, as daily slow...

EURUSD The pair closed in red yesterday, with psychological 1.13 support, reinforced by daily Kijun-sen line, containing dips for now. Near-term technicals are bearishly aligned and see risk of slide below 1.13 handle, for test of strong support zone that lies just below. Daily 20SMA offers...