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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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Posted by on in FX Chart Updates

An erratic Wednesday and better rebound tone post-ECB leaves a neutral range theme into Thursday (but a downside correction bias).

The plunge last week through trend line, neckline and 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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Posted by on in FX Chart Updates

A Tuesday plunge through support at 1.2506/02 to ease the bullish tone for a neutral bias into midweek.

Although we see consolidation in the very near term, the robust, bullish outside pattern last week from strong foundations from February in the 1.2385/61/52 chart support area, maintains upside risks.

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Posted by on in FX Chart Updates

A stall last week, back from the topping line from latter March and recent peaks at .7608/09 and we looked for a a negative bias early this week, stating "we see a downside bias for .7486; break here aims for .7453, maybe .7425".

We further question our positive bias for April from the Double bottom pattern from late March (previously questioned by the weekly Gravestone Doji from the same week).

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Tagged in: Forex FX NZD NZDUSD USD
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