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Eur/gbpTitle:
EUR/GBP Daily technical analysis - April 2012
The pair EUR/GBP continues to move below the lower band of its symmetrical Triangle Top.
Key level : 0.88
Resistance 1 : 0.90
Resistance 2 : 0.92
Support 1 : 0.86
Support 2 : 0.84
Support 3 : 0.82
Support 4 : 0.8080
On the long term:
The breakout of the lower band of the symmetrical triangle gave us a sell signal allowing the long term trend to become bearish.
The breakout of 0.81 will give a new sell signal.
In case of return above 0.86, the trend will become neutral. We will then wait the breakout of 0.88 to see the trend become bullish.
On the short term:
The pair continues to move below the resistance at 0.84 and is going to test the support at 0.82.
The trend will remain bearish as far as 0.86 is resistance.
The breakout of 0.82/0.81 will all give a new sell signal.
In case of ...
Title:
Euro Fails To Profit From Risk Rally
Sunrise Market Commentary
Fixed Income: Core bonds off resistance levels
A technically inspired correction was supported by positive headlines after the Spanish bill auction (although far less important than tomorrows bond auctions) and strong ZEW data. The Spanish 10-yr yield dropped back below the psychological 6% mark but the threat is far from over.
Currencies: euro fails to profit from risk rally
On Tuesday, sentiment on global market changed for the better and intra-EMU spreads narrowed. However, EUR/GBP and EUR/USD failed to profit. This suggests that underlying euro weakness persists. Key support levels are still within striking distance. This is especially the case for EUR/GBP. Watch out for the Minutes of the April BoE meeting.
The Sunrise Headlines
US ...
Title:
Forex Technical Analysis : 04/18/2012
- Forex Technical Analysis : 04/18/2012 -
(Timeframes: 30 minutes)
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Title:
Technical analysis of the EUR/GBP pair on April 18th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP continues to move around 0.8250 without volatility.
All indicators are bearish.
We continue to advise short positions as far as 0.83 is resistance.
The breakout of 0.82 will give a new sell signal and open the way towards 0.8150.
In case of return above 0.83, we will be neutral between this level and 0.8350.
The breakout of 0.8350 will give a buy signal.
See the previous analysis of the EUR/GBP pair of April 17th, 2012
EUR/GBP Analysis
Title:
Euro Lower Against Many Counterparts
Euro is lower against many of its counterparts today, dropping as concerns about the European debt situation continue to dominate the news. Spain is expected to auction off bonds today, and there are concerns about climbing yields. Additionally, there are expectations of a drop in investor confidence in Germany.
Concerns about the eurozone are dominating news today as Forex traders consider that the sovereign debt situation might be contagious. Worries about the spread of the crisis are keeping the euro lower against most of its major counterparts. It’s also not helping that, in Germany, investor confidence appears to be waning.
For now, the ECB isn’t interested in bailing out Spain. The Spanish Prime Minster, Mariano Rajoy, says that Spain will employ large cuts, but it might not be ...
Title:
EUR Tumbles vs. Main Currency Rivals
The euro extended its bearish trend against virtually all of its main currency rivals during yesterday's trading session, as investor fears regarding Spanish debt led to risk aversion in the marketplace. Turning to today, traders will want to pay attention to a batch of news out of both the US and euro-zone. Specifically, the German ZEW Economic Sentiment and US Building Permits figures, scheduled for 9:00 and 12:30 GMT respectively, are expected to generate volatility. Positive German news may help the euro recoup some of its recent losses.
Economic News
USD - Dollar Continues to Fall against Safe-Haven Currencies
The US dollar fell vs. its safe-haven currency rivals yesterday, including the Japanese yen, as investors continued to flee riskier assets amid poor international news. ...
Title:
Forex Technical Analysis : 04/17/2012
- Forex Technical Analysis : 04/17/2012 -
(Timeframes: 30 minutes)
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Title:
Technical analysis of the EUR/GBP pair on April 17th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP continues to move around 0.8250 without volatility.
All indicators are bearish.
We continue to advise short positions as far as 0.83 is resistance.
The breakout of 0.82 will give a new sell signal and open the way towards 0.8150.
In case of return above 0.83, we will be neutral between this level and 0.8350.
The breakout of 0.8350 will give a buy signal.
See the previous analysis of the EUR/GBP pair of April 16th, 2012
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on April 16th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP continues to move around 0.8250 without volatility.
All indicators are bearish.
We continue to advise short positions as far as 0.83 is resistance.
The breakout of 0.82 will give a new sell signal and open the way towards 0.8150.
In case of return above 0.83, we will be neutral between this level and 0.8350.
The breakout of 0.8350 will give a buy signal.
See the previous analysis of the EUR/GBP pair of April 13th, 2012
EUR/GBP Analysis
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