Thursday 24th September: Technical Outlook and Review

IC Markets No Comments

The euro held the bulk of its losses against the greenback Wednesday, recording a fourth consecutive daily decline.

H4 relinquished the 1.17 handle in wake of feeble sub-50 Eurozone services PMIs and the DXY crossing above 94.00. Support at 1.1652 on the H4 timeframe is next on tap should further selling develop.

Friday 18th September: Technical Outlook and Review

IC Markets No Comments

Europe’s single currency slipped through several key H4 technical supports Thursday, missing weekly support at 1.1733 by a hair before recoiling back to unchanged levels.

H4, as of current price, trades north of 1.18, with technical eyes perhaps directed towards trend line resistance, extended from the high 1.2010.

Thursday 17th September: Technical Outlook and Review

IC Markets No Comments

GBP/USD finally mustered enough oomph to overthrow 1.29 on the H4, taking on resistance at 1.2944 (now serving support) and shaking hands with the key figure 1.30. UK CPI data exhibited an upbeat tone, though the obvious catalyst behind the pound’s recent strength was USD softness.