EUR/USD went up to 1.0483 on PIMCO (Big US Funds) report that lower USD would help fight deflation being cited. Agressive short squeeze with stop losses being broken which first hurt USD/JPY, then more broad effect.
Dollar hits fresh 3-year low of $1-0535 against the euro in broad-based sell-off and following PIMCO's report.
Congratulations Nico3725 !! Good info. This info has not been seen on any of the Frx sites mentionned in this thread !!! ( I mean about the Pimco comment) Not even on Bloomberg !! Would be interesting to know on what website you got it. It shows that this website is very much on the subject !!
EUR/USD 1.0501. EUR turned down from 1.0540, but held above support near 1.0460 in overnight trading. It can still try a move higher to 1.0560/70 as long as 1.0435 contains the downside. Minor resistance is at 1.0515. USD/CHF 1.3846. No change in view. Dollar should resume its downtrend towards 1.3790/00 as resistance at 1.3970/85 contains its advances. USD/JPY 119.94. Dollar found support at 118.70 itself & broke resistance at 119.80 also. In the short term, Dollars advances may be repulsed near 120.40/50 area for a drop to 119.60/55. Minor resistance is at 120.15/20. GBP/USD 1.6051.Cable may be trading in a triangle with downside support near 1.5965/55. While it holds, Cable will retain its chances for a probe higher near 1.6195/1.6215. Other Comments EUR/CHF: 1.4586.EUR broke the resistance at 1.4580 which will add a bit of strength to EUR for a try at 1.4610/25. EUR/JPY: 125.79. EUR has turned positive after the break of 125.65/70. It can aim for 126.25/35 while 125.40/35 lends support. EUR/GBP: 0.6536.Short term uptick to 0.6555/65 is possible while 0.6520/15 supports. AUD/USD: 0.5756. Down correction may continue for a while between 0.5790 & 0.5735. USD/CAD: 1.5523. Drop to 1.5460/50 is anticipated. Resistances are at 1.5555 & 1.5570.
EUR/USD 1.0564. EUR managed to break minor resistance at 1.0515 without any difficulty. Short term pictures continue to be positive for a test higher to 1.0620/30.Supports are at 1.0540 & 1.0525. USD/CHF 1.3820. Dollar tested our target near 1.3790 comfortably. The weakness should continue towards 1.3730/15 in the short term. Resistance is at 1.3845/50. USD/JPY 119.15. Dollarâs upside failed near minor resistance at 120.15 indicated on Friday & fell to levels far lower than expected. Minor support is near 118.70/65, break of which will turn the picture bearish for 118.25 initially & 117.70/30 later. GBP/USD 1.6072. No change in view. Cable may be trading in a triangle with downside support near 1.5965/55. While it holds, Cable will retain its chances for a probe higher near 1.6195/1.6215. EUR/CHF: 1.4591.EUR tested our target near 1.4615 & should now consolidate for a while between 1.4570 & 1.4625. EUR/JPY: 125.92. No change in view. EUR has turned positive after the break of 125.65/70. It can aim for 126.65/75 while 125.40/35 lends support. EUR/GBP: 0.6570. Short term uptick to 0.6595/0.6605 is possible while 0.6545/40 supports. AUD/USD: 0.5833. AUD should move higher to 0.5875/95. Supports are at 0.5805 & 0.5785 USD/CAD: 1.5426. The anticipated drop materialized. USD may try 1.5380/75 in short term after which an up correction of 80 to 100 points is expected http://www.rtfx.com/e/fxnews/daily_market_e.html
EUR/USD.. 1.0554. Basically no change in view. Short term pictures continue to be positive for a test higher to 1.0600/30.Supports are at 1.0520 & 1.0500. From levels above 1.0600, chances are there for a decent retracement down to 1.0450 or 1.0360. But need to wait for confirmation of this down move. USD/CHF 1.3843. Dollar is expected to drift lower towards 1.3775 or 1.3730/15 in the short term. Resistance is at 1.3885/95. USD/JPY 118.75. No change in view. Dollar is trading near minor support near 118.70/65, break of which will turn the picture bearish for 118.25 initially & 117.70/30 later. GBP/USD 1.6029. No change in view. Cable may be trading in a triangle with downside support near 1.5965/55. While it holds, Cable will retain its chances for a probe higher near 1.6195/1.6215. Other Comments EUR/CHF: 1.4612.Divergence in MACD is noticed in hourly charts. EUR may fall to 1.4575/55. Resistance is at 1.4625/40. EUR/JPY: 125.34. EUR is so far unable to capitalize on its recent strength. Short term pictures hint at drop to 124.95 or 124.65.Resistance is at 125.55/60. EUR/GBP: 0.6578. No change in view. Short term uptick to 0.6595/6605 is possible while 0.6545/40 supports. AUD/USD: 0.5862. AUD should move higher to 0.5890/95. Supports are at 0.5845 & 0.5830. USD/CAD: 1.5426. Dollar tested close to our target yesterday. It can rise to 1.5445/55 initially & ideally to 1.5505/15 later http://www.realtimeforex.com/e/fxnews/daily_market_e.html