EUR/USD failure by the 100 DMA Friday reinforces downside
Tuesday, May 5, 2015 12:32 PM UTC
- EUR/USD 1.1107 pivot pressured after fail ahead 1.1165
- 10 US/German spreads 15bp lower from Apr 28, at 169bp, underpinning EUR/USD
- Pair breached cloud top at 1.1069 by 3 pips earlier, revisit expected
- The cross on the slow stochs in overbought territory generated a sell signal
- Bearish signal Friday confirmed yesterday on the candlesticks
- Friday's failure by the 100 DMA reinforces return to lower levels
- Price action whippy but gradually rising ranges may emerge in coming weeks
FxWirePro: EUR/AUD force is with bears as pair hits low since June 11th 
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level 
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds 
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70 
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse 
FxWirePro: NZD/USD sustains gains as uptrend remains strong 
FxWirePro: USD/JPY dips below lower range, bearish bias increases 
FxWirePro- Major Crypto levels and bias summary 
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support 
FxWirePro- Major European Indices 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 
FxWirePro- Major US Indices 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD slide lower shifts pressure to the downside 
