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Filtrar por etiquetas:  Previous Week High
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Will euro finally break 1.15?

Euro opened the week with a 10 pip gap higher and then added another 20 pips before pulling back and going sideways. It has been holding above last week's high for the most of the day - break below it at the London open was quickly rejected.
Immediate resistance 1.1475 - 1.15 is followed by 1.1530 - 1.1550 and then 1.16 - 1.1650, should we get a proper breakout. 1.1445 - 1.1460 is the first stronger support.
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fxsurprise8 avatar

yeah it will :)

al_dcdemo avatar

There's no particular selling pressure noted. Today was a holiday though - we'll see what happens tomorrow. But I think it will be a green week.

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USD/JPY awaits NFP

It feels a bit odd to have the monthly US jobs report released on Thursday, but due to the Independence Day observance (Bank Holiday) tomorrow, it had to be moved. As is usual, the headline Non-Farm Employment Change will be the one that the market will move on initially and after better than expected ADP Non-Farm Employment Change yesterday (237K vs. 219K expected and 203K previous) the odds are that we'll get strong number today too.
USD/JPY stalled ahead of the Weekly Pivot Point (123.60) tod…
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Nothing new from the Fed

The Dollar got sold across the board, after the FOMC failed to deliver any clear signal on when the rates may go up. That's nothing unexpected, but the market still hoped for something more hawkish.
Following a quick stop run to 1.1205 on the announcement, Euro rocketed to 1.13 and it was a steady grind up from there. It has broken Previous Day High (1.1330) and 1.1350 but then stalled ahead of Monthly Resistance 1 (1.1366) and Previous Week High (1.1386).
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Cable catching up on Euro gains

In another bout of USD weakness today, Cable rallied strongly, adding nearly 200 pips from the European low (~1.5370). It broke Previous Week High (~1.5440) and 200 DMA (~1.5505) in the process. While it will most certainly close above the former, the latter is still being fought for. Though daily closes are not as important as weekly.
Relative to the price action from the past several days, the rally appears somewhat overdone and the pullback to 1.54 will likely be needed before continuing up. …
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EURo in demand

The Dollar weakened across the board yesterday as post-NFP losses were reversed on most major pairs. The biggest winner was the Euro, which rose 190 pips from the open, with the daily range of more than 220 pips.
The pair continued to gain overnight, but it stalled ahead of the trendline drawn off June/July 2014, December 2014 and May/June 2015 peaks. Above that, a confluence of Weekly Resistance 1 (1.1366), Monthly Resistance 1 (1.1366), Daily Resistance 1 (1.1371) and Previous Week High (1.138…
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Dollar in demand

The Dollar gained across the board today, shedding 50-100 pips from most of its major counterparts. The biggest loser appears to be the Loonie, which lost almost cent and a half in thin holiday trading (it's Victoria Day in Canada).
It has broken above the top of declining four-week consolidation just below 1.21 and traded up to Previous Week High and Daily Resistance 3 at 1.2150. If this is real breakout, price should not go lower than the 1.2050 - 1.2100 band on the pullback. We shall see soon…
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EURo pulled back

After a couple of attempts to break above strong 1.1380 - 1.1400 resistance, Euro turned south and retraced about 150 pips, breaking 1.13 level and Previous Week High (1.1290) in the process. It stalled between 100 DMA (1.1250) and Daily Support 1 (1.1225) before stabilizing.
Another encouraging Unemployment Claims reading (265K vs. 277K expected, 262K previous) helped to ease Dollar bulls' concerns over tomorrow's NFP.
The focus will now shift to UK election and Cable, with the results of first…
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