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TDUX
Aug 23 - 11:55 PM

EUR/USD And EUR/JPY Remain Relatively Bid, Some Crosses Not

By Haruya Ida  —  Aug 23 - 11:12 PM

• EUR/USD holding own near recent highs, Asia today 1.1670-87 EBS

• Charts show double top at 1.1710, 1.1711 Thursday and Friday, respectively

• Spot near top of 1.1640-88 hourly Ichimoku cloud, kijun 1.1690 above

• Ascending 100-HMA 1.1645, 1.1631 200-DMA, underlining support

• What looks to be a double head and shoulders formation on hourly chart

• Neckline likely in area of lows since Thursday around 1.1669-70

• Chock-a-block option expiries below today, between 1.1600-95 total E7.5 bln

• These option expiries supportive, E1.5 bln 1.100-30 too, to help cap?

• EUR/JPY also relatively bid, indicated 185.61 EBS, below 186.02 high Friday

• Holding for now above 185.14 100-DMA, 184.74-99 daily Ichimoku cloud

• EUR/CHF in stasis? Asia 0.9346-54 EBS after push up to 0.9363 Friday

• Follows fall from 0.9406 to 0.9308 Wednesday, in middle of this range

• EUR/GBP on back foot, 0.8556-59, in 0.8538-92 descending daily Ichi cloud

• Related comments , , ,

• Also , for more click on [FXBUZ]

EUR/USD:


EUR/CHF:


EUR/GBP:


(Haruya Ida is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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