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Daily Outlooks For EUR/USD, GBP/USD, AUD/USD - Commerzbank
The following are the daily technical outlooks for EUR/USD, GBP/USD, and AUD/USD, as provided by the technical strategy team at Commerzbank. EUR/USD charted an inside day yesterday and we suspect that the market is in consolidation mode having recently reached the 1.3424 200 week ma. A negative bias will remain entrenched below the 1.3557 2 month downtrend. Around here we also find the 1.3391/1.3385 55 MONTH ma and the base of the monthly cloud. A close below 1.3385 is expected to act as a catalyst on the downside and act as a trigger for a slide to the 1.3295 November 2013 low en route to 1.3020/00, the 50% ... (full story)