Stocks and Dollars

It was a quiet European/US session, with the US and UK on holiday, S&P500 futures ranging sideways, and European stocks little changed. The notable data release overnight was Canada’s +0.6% GDP growth for March, beating the +0.5% consensus, and taking the annualized Q1 rate to +6.1%. That adds weight to

It was a quiet European/US session, with the US and UK on holiday, S&P500 futures ranging sideways, and European stocks little changed. The notable data release overnight was Canada’s +0.6% GDP growth for March, beating the +0.5% consensus, and taking the annualized Q1 rate to +6.1%. That adds weight to

The Euro (1.2260) has come off from yesterday’s modest high near 1.2334. It continues to look bearish, and may dip towards 1.22 and lower this week. Dollar-Yen (91.10) has also refused to sustain above 91.50 yesterday. Resistance seen at 91.50-92.00 now. The weakness isn the Nikkei is also dampening Dollar-Yen.

The Euro (1.2260) has come off from yesterday’s modest high near 1.2334. It continues to look bearish, and may dip towards 1.22 and lower this week. Dollar-Yen (91.10) has also refused to sustain above 91.50 yesterday. Resistance seen at 91.50-92.00 now. The weakness isn the Nikkei is also dampening Dollar-Yen.

EUR/USD Today’s support: – 1.2243 and 1.2216(main), where correction is possible. Break would give 1.2196, where correction also may be. Then follows 1.2168. Break of the latter would result in 1.2136. If a strong impulse, we would see 1.2108. Continuation will give 1.2084

The EURUSD didn’t make significant movement yesterday. Earlier today in Asian session, price struggling around 1.2260 support area as you can see on my h1 chart below indicating critical intra-day technical phase. The major scenario remains to the downside but we need a consistent move below 1.2260 to continue the

EUR/USD Today’s support: – 1.2243 and 1.2216(main), where correction is possible. Break would give 1.2196, where correction also may be. Then follows 1.2168. Break of the latter would result in 1.2136. If a strong impulse, we would see 1.2108. Continuation will give 1.2084

The EURUSD didn’t make significant movement yesterday. Earlier today in Asian session, price struggling around 1.2260 support area as you can see on my h1 chart below indicating critical intra-day technical phase. The major scenario remains to the downside but we need a consistent move below 1.2260 to continue the