Tuesday 30th June: Technical Outlook and Review

IC Markets No Comments

The euro ended a shade higher against the buck going into the European close Monday, after EUR/USD retreated south of 1.13 amid a healthy DXY bid. In the second half of last week, downside attempts were contained at 1.12 on the H4.

Monday 29th June: Weekly Technical Outlook and Review

IC Markets No Comments

Europe’s shared currency settled Friday little moved, with downside attempts contained at 1.12. Quasimodo support at 1.1185 remains in the crosshairs south of the round number, as does the 127.2% Fibonacci extension point at 1.1150 and 50.00% retracement ratio at 1.1146.

Friday 26th June: Technical Outlook and Review

IC Markets No Comments

Fed by an additional wave of dollar bids – DXY crossed 97.50 – EUR/USD fell for a second consecutive session Thursday and shook hands with the 1.12 figure on the H4 timeframe.