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EUR/USD likely to find buyers

Feb 23, 2015 09:16 am UTC| Technicals

Softer than expected IFO (107.7 forecast) makes way for fresh EUR/USD selling Despite disappointment Feb IFO still hit Jans results 106.8 vs 106.7 Unexpected sustained down move on IFO alone Longs into...

EUR/CHF overbought dailies ease

Feb 23, 2015 09:11 am UTC| Technicals

The 61.8% of Jan 15 wide at 1.0669 more or less supported the pullback 1.0665 was the low Friday Pair returns to mid-upper 1.0700s Remains safely below last weeks 1.0811 highs Daily charts peaked in ...

USD/JPY sees large amount of supply around 119.30

Feb 23, 2015 08:44 am UTC| Technicals

Pairs entire trading since Asia contained by 118.84-119.37 pivots Mondays range has been 118.88-119.29 Solid resistance ahead of 119.30 today Hourly highs have been set at 119.27 119.29 so...

EUR/GBP comes back south after fleeting euro-phoria

Feb 23, 2015 08:42 am UTC| Technicals

EUR pressured since Europe open, crossfalls to 0.7368 Pre-weekend high was 0.74295on Greek/euro zone deal Asia range was 0.73895-0.74045 EUR/GBP bids likely around 0.7340 (Fridays 7year low, before...

GBP/USD looks at 1.54 resistance

Feb 23, 2015 08:40 am UTC| Technicals

Cable meets headwind pre-1.54 after strengthening from 1.5375 (early Europe low) Stops below 1.54 were tripped on Friday, on the way to 1.5343 1.5430 = pre-weekend rally high from 1.5343. Asia range:...

USD/SGD moves higher

Feb 23, 2015 08:38 am UTC| Technicals

USD/SGD seen moving higher into European dealings Lower EUR, Finmin comments lifted pair above 1.3610 Finmin sees inflation close to 0% in 2015 USD/SGD last 1.3614-19, traded 1.3615 high last Break...

EUR/JPY remain short despite challenges

Feb 23, 2015 08:37 am UTC| Technicals

Long tail on Fris candlestick line an obstacle for bears Failure to perform a daily close sub 134.20 - 38.2% 130.16-136.70 weighs 133.43 - 50% 130.16-136.70 Market needs daily close 134.20 to fade the...

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