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Posted by on in FX Chart Updates

A push still higher Tuesday as we had expected, having stated that "we see an upside bias for 1.0925/27; break here aims for 1.0955".

However, whilst capped by 1.1053 we see bearish pressures resuming for late April and into May and we see bias for a correction lower from here on Wednesday. A break above though, would set a base and more positive tone.

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Tagged in: EUR Euro EURUSD Forex FX
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Posted by on in FX Chart Updates

Building on the Thursday Bullish Outside pattern through notable resistance in the 1.0840/48 area, but reluctant to test modest resistance at 1.0925.

We see the Monday bias for a roll back lower and whilst capped by 1.1053 we see bearish pressures for late April and into May.

...
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Tagged in: EUR Euro EURUSD Forex FX
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Posted by on in FX Chart Updates

A Gravestone Doji Wednesday points lower for Thursday and also this week, whilst capped below the 1.0840/48 area.

The previous plunge last week through chart support at 1.0713 leaves a more bearish theme through late April.

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Posted by on in FX Chart Updates

A slowing of the rebound since the ECB points to a consolidation theme for Monday.

But the previous plunge through chart support at 1.0713 leaves a more bearish theme into April.

...
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Tagged in: EUR Euro EURUSD Forex FX
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