http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/17/Technical Analysis EUR/USD EUR/USD gravitates towards 1.2772/45 “U.S. bond prices gained sharply yesterday despite William's comments. Each market has its own interpretation now and there's no broad consensus on the Fed's stance yet.” - Bank of Tokyo-Mitsubishi UFJ (based on CNBC) Pair’s Outlook It looks like 1.2874/46 will be unable to withstand bearish pressure and thus will give in, endangering a more reliable support at 1.2772/45. If the latter area is breached as well, there will noFri, 17 May 2013 09:16:22 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/17/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/16/Technical Analysis EUR/USD EUR/USD challenges 1.2874/69 “The euro zone GDP data reinforced expectations of additional easing from the ECB, either through lower interest rates or through nonstandard measures such as negative deposit rates.” - Commonwealth Foreign Exchange (based on CNBC) Pair’s Outlook Even though EUR/USD was facing a strong support zone at 1.2874/69, it still managed to fetch 1.2843, but returned back above the weekly and monthly S1 levels, meaning that if the decline is notThu, 16 May 2013 08:58:16 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/16/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/15/Technical Analysis EUR/USD EUR/USD bounces off 1.3047/32 “The worse-than-anticipated start to the year will clearly worry policy makers at the ECB. ” - Markit (based on Bloomberg) Pair’s Outlook As expected, the currency pair was able to approach the weekly and monthly pivot points yesterday. Nevertheless, this recovery turned out to be brittle after the encounter with 1.3047/32, which led to a dip down to 1.2898/69. The decline could extend further, as suggested by the weekly technicalWed, 15 May 2013 08:11:02 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/15/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/14/Technical Analysis EUR/USD EUR/USD begins week with correction “The ZEW Center for European Economic Research in Mannheim will probably say its index of investor and analyst expectations, which aims to predict economic developments six months in advance, rose to 40 from 36.3 in April.” - Estimation of economists surveyed by Bloomberg News Pair’s Outlook The major currency pair accomplishes a correction from the very first day of a week, as the price bounced from the Bollinger band at 1.2959Tue, 14 May 2013 08:15:47 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/14/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/13/Technical Analysis EUR/USD EUR/USD fluctuates at 1.2967 “We are at a very critical stage at the moment and there are indicators that uncertainty is on the rise again. It is essential for the euro area to find the right mix between necessary austerity and measures to support economic growth as soon as possible.” - Commerzbank AG (based on Reuters) Pair’s Outlook Seems that the market recalled European credit problems and investors shifted towards Dollar-based securities. EUR/USD dropped heavilyMon, 13 May 2013 08:29:14 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/13/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/10/Technical Analysis EUR/USD EUR/USD plummets through 200-day SMA “We had that positive German production number this morning, so that was something that helped to boost the euro. The concerns recently from the policy makers in the euro zone have been that the core has been slowing.” - Royal Bank of Scotland (based on Reuters) Pair’s Outlook The common currency of 17 nations smashed yesterday, as the price slipped from the 100-day SMA at 1.3146, dropped through the 200-day SMA at 1.3070 and wasFri, 10 May 2013 08:14:27 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/10/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/09/Technical Analysis EUR/USD EUR/USD advances to Bollinger band “We had that positive German production number this morning, so that was something that helped to boost the euro. The concerns recently from the policy makers in the euro zone have been that the core has been slowing.” - Royal Bank of Scotland (based on Reuters) Pair’s Outlook EUR/USD is pressed in a channel for more than a month, as the pair is traded between the 100-day at 1.3151 and the 55-day SMA at 1.3007. As the pair is tradedThu, 09 May 2013 08:17:51 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/09/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/08/Technical Analysis EUR/USD EUR/USD respects rising support “The general outlook for the region is decidedly less auspicious, particularly after ECB President (Mario) Draghi on Monday again stated that bank officials were on data watch and persistent weakness in the core would offer scope for another rate cut.” - Western Union Business Solutions (based on CNBC) Pair’s Outlook Favourably for the bullish outlook the up-trend support line remains intact, pushing the price upwards as soon asWed, 08 May 2013 08:47:57 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/08/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/07/Technical Analysis EUR/USD EUR/USD underpinned by 1.3072/70 for now “The market may have taken that [Draghi speech on Monday] as a little bit of a stronger chance that [the ECB] could cut rates even further, into negative territory.” - TD Securities (based on MarketWatch) Pair’s Outlook Upward impetus the currency pair has received from the 200-day SMA was insufficient to throw EUR/USD over the weekly pivot point, instead we see a re-test of 1.3072/70, which is also a point of the risingTue, 07 May 2013 08:22:49 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/07/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/06/Technical Analysis EUR/USD EUR/USD weakens ahead of 1.3131 “The U.S. is a relatively strong story amidst anemic growth at best if not outright recession in Europe and elsewhere. So we still favor the U.S. dollar, particularly against G-10 currencies, for the first half.” - Standard Chartered (based on CNBC) Pair’s Outlook A support area, formed by a combination of the 20 and 200-day SMAs, has successfully managed to repel bearish attack of the price and subsequently initiated a recovery.Mon, 06 May 2013 08:28:46 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/06/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/03/Technical Analysis EUR/USD EUR/USD underpinned by 200-day SMA “Yesterday was a volatile session following (ECB President Mario) Draghi's speech and now the focus turns to the U.S. payrolls. But all in all, buyers are in control and the year's highs are in sight.” - FXCM (based on CNBC) Pair’s Outlook Yesterday’s plunge has effortlessly penetrated some of the supports, including 1.3104; however, a combination of 20 and 200-day SMAs with weekly and monthly pivot points did not allow furtherFri, 03 May 2013 08:47:56 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/03/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/02/Technical Analysis EUR/USD EUR/USD just above weekly R2 “The shared currency reversed losses because the market is optimistic the ECB will do something beyond the rate cut. The more the market anticipates additional stimulus through credit channels and so on, the stronger the euro will trade.” - Citygroup Inc. (based on Bloomberg) Pair’s Outlook The common European currency is traded in a narrow range between the Bollinger band at 1.3192 and the weekly R2 at 1.3168. The pair does notThu, 02 May 2013 08:23:38 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/02/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/01/Technical Analysis EUR/USD EUR/USD breaches 100-day SMA “The shared currency reversed losses because the market is optimistic the ECB will do something beyond the rate cut. The more the market anticipates additional stimulus through credit channels and so on, the stronger the euro will trade.” - Citygroup Inc. (based on Bloomberg) Pair’s Outlook The major currency pair moves in the line with market expectations regarding economic stimulus from the European Central Bank. The meeting will beWed, 01 May 2013 08:49:58 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/05/01/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/30/Technical Analysis EUR/USD EUR/USD closes above 200-day SMA “The dollar is being sold with weakening U.S. economic indicators and talk of prolonged quantitative easing.” - Sumitomo Mitsui Trust Bank Ltd. (based on Bloomberg) Pair’s Outlook As expected, the 200-day SMA was unable to stop the currency pair from advancing forward, since recently it has lost its topicality. Accordingly, there is scope for movement up to 1.3168/46, but we also look for higher levels, such as 1.3280/77 in the mediumTue, 30 Apr 2013 09:00:13 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/30/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/29/Technical Analysis EUR/USD EUR/USD challenges 1.3066/54 “The U.S. dollar will remain heavy, particularly as U.S. bond yields stay low.” - Commonwealth Bank of Australia (based on Bloomberg) Pair’s Outlook EUR/USD continues to persistently erode resistances. An area at 1.3042/29 has already been overcome and a subsequent zone at 1.3066/54, mainly being formed by the 200-day SMA, is likely to follow soon. Subsequent notable obstacle to development of a rally is situated at 1.3168/04. In theMon, 29 Apr 2013 08:44:58 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/29/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/26/Technical Analysis EUR/USD EUR/USD acknowledges 1.3086/42 as resistance “The U.S. economy seems to be best positioned to surmount the challenges and benefit from the opportunities that are ahead.” - Yardeni Research Inc. (based on Bloomberg) Pair’s Outlook Yesterday EUR/USD has confirmed the zone that stretches from 1.3086 down to 1.3042 as resistance. This area is formed by the monthly R1, 200-day SMA, apart from the other minor studies, but does not elicit the expected response from theFri, 26 Apr 2013 09:30:31 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/26/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/25/Technical Analysis EUR/USD EUR/USD hovers below monthly R1 “If the ECB and officials continue to talk about measures that can be taken to offer additional support, that could result in a weaker euro. Expectations for a rate cut from the ECB are building.” - Gain Capital Group LLC (based on Bloomberg) Pair’s Outlook Even though negative economic data raised concerns of investors, the single European currency remains among the most preferable. Its price increases for a second trading session, asThu, 25 Apr 2013 07:58:19 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/25/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/24/Technical Analysis EUR/USD EUR/USD slips beneath 55-day SMA “The euro is susceptible to downward pressure. As economic data from Europe are very bad, expectations of a rate cut by the ECB are rising gradually.” - Sumitomo Mitsui Banking Corp. (based on Bloomberg) Pair’s Outlook After negative data on Chinese manufacturing industry and investors’ speculation on Europe’s key interest rate cut, the major currency pair dropped from the 200-day SMA at 1.3055 to the weekly S1 level at 1.2972.Wed, 24 Apr 2013 07:37:25 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/24/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/23/Technical Analysis EUR/USD EUR/USD trades flat at 200-day SMA “The forecasts suggest no support for the euro on the data front especially as the data will point to lower policy rates. Euro-dollar is losing some upside momentum.” - Credit Agricole SA (based on Bloomberg) Pair’s Outlook The major pair remains in a zone between the 200-day SMA at 1.3054 and the monthly R1 level at 1.3043. The price lacks bullish momentum to start a recovery, thus slips lower towards a 1.3021 level, where theTue, 23 Apr 2013 07:47:12 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/23/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/22/Technical Analysis EUR/USD EUR/USD remains calm “Looking at the real economic indicators, it seems that German industry has not yet completely overcome a weak phase.” - Finance Ministry (based on CNBC) Pair’s Outlook Despite the proximity of supposed demand area, created by a combination of the 200-day SMA with the monthly R1, the currency pair remains largely unchanged, having trouble recovering the lost in the beginning of February bullish momentum. Additional supports are to be found atMon, 22 Apr 2013 08:36:45 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/22/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/19/Technical Analysis EUR/USD EUR/USD gravitates towards 1.3046/30 “The Fed is missing its dual mandate on both sides—unemployment is too high, and inflation is too low.” - Deutsche Bank AG (based on Bloomberg) Pair’s Outlook EUR/USD is currently held by the support at 1.3046/30, a confluence of the 55 and 200-day SMAs along with the monthly R1. However, the market does not seem to be willing to increase bullish towards the Euro exposure and the rally therefore is shallow and unable to theFri, 19 Apr 2013 08:12:37 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/19/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/18/Technical Analysis EUR/USD EUR/USD is suspended by the 55-day SMA “Sometimes you get a bit of complacency, but comments about interest rate underscore and remind people that more accommodation could be coming from the ECB. It reminds that fundamental situation still isn’t great in the euro zone.” - Royal Bank of Scotland (based on Reuters) Pair’s Outlook The major currency pair was unprepared for a such steep appreciation as on Tuesday. After breaching the 100-day SMA at 1.3167 and testing theThu, 18 Apr 2013 07:55:09 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/18/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/17/Technical Analysis EUR/USD EUR/USD trades at the 100-d ay SMA “A break of the euro above its 100-day moving average against the greenback around midday in New York spurred some blackbox algorithmic trading that further boosted the euro zone currency.” - Forex.com (based on Reuters) Pair’s Outlook Absence of bearish impetus made the price bounce from a 1.3043 level, where the 55-day, 200-day SMAs and monthly R1 level merge into the major support. The price surged from it to the 100-day SMA andWed, 17 Apr 2013 07:54:45 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/17/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/16/Technical Analysis EUR/USD EUR/USD bounces from the 55-day SMA “The Eurogroup’s bailout for Cyprus leaves fundamental solvency risks unaddressed. We expect the risk of default and euro-area exit to remain elevated in the coming years.” - Moody’s (based on CNBC) Pair’s Outlook The major currency pair moves according to support levels in recent trading sessions, as the market experiences an absence of important macro news. Today the price is higher than the 55-day SMA at 1.3049, following a testTue, 16 Apr 2013 08:00:04 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/16/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/15/Technical Analysis EUR/USD EUR/USD decreases towards the 55-day SMA “The Eurogroup’s bailout for Cyprus leaves fundamental solvency risks unaddressed. We expect the risk of default and euro-area exit to remain elevated in the coming years.” - Moody’s (based on CNBC) Pair’s Outlook Data from China created negative sentiments in the market and traders became more risk averse, meaning that the major currency pair continues to decrease from a previous week high at 1.3138. EUR/USD is traded at theMon, 15 Apr 2013 07:52:33 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/15/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/12/Technical Analysis EUR/USD EUR/USD wades through supply zone “We maintain our bullish euro/dollar position with important pivotal points at $1.3135/1.3150 now set to be tested. A move above here would open the way for a rebound towards $1.33/1.34.” - Morgan Stanley (based on CNBC) Pair’s Outlook Despite the presence of formidable resistance levels and signals of technical indicators, EUR/USD remains on a bullish path, as it has confidently pared the recent losses. The next strong area theFri, 12 Apr 2013 08:19:49 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/12/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/11/Technical Analysis EUR/USD EUR/USD hovers near the 55-day SMA “That [EFSB sold 8 billion of securities] seems quite consistent with the strong performance by European bond markets in the aftermath of the Bank of Japan policy announcement last week.” - BNP Paribas SA (based on MarketWatch)  Pair’s Outlook The major currency pair fluctuates between the 55-day SMA at 1.3070 and the monthly R1 level at 1.3043. The pair reached the 423% Fibonacci retracement level that intersects the SMA,Thu, 11 Apr 2013 07:39:55 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/11/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/10/Technical Analysis EUR/USD EUR/USD breaches the 55-day SMA “That seems quite consistent with the strong performance by European bond markets in the aftermath of the Bank of Japan policy announcement last week.” - BNP Paribas SA (based on MarketWatch) Pair’s Outlook EUR/USD finished an impulse to the 55-day SMA at 1.3079, since yesterday it even surpassed an interception point of the Bollinger band and the SMA for a short period of time. It is very possible that the pair will prepare aWed, 10 Apr 2013 08:26:27 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/10/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/09/Technical Analysis EUR/USD EUR/USD nearly closes a gap “The European Central Bank has been reducing the size of their balance sheet whereas the Fed and the BOJ are increasing the size of their balance sheets. We’re seeing broad-based dollar weakness based on Bernanke’s comments.” - Commonealth Bank of Australia (based on MarketWatch) Pair’s Outlook The major currency pair is under heavy bullish pressure, as the price intensively moves up and reaches new highs. This morning the pair peaked atTue, 09 Apr 2013 07:58:01 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/09/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/08/Technical Analysis EUR/USD EUR/USD’s outlook remains negative “The awkwardness with which they handled the Cyprus situation has got to have created a substantial sense of unease in Europe.” - Lawrence Summers , former Treasury Secretary (based on Bloomberg) Pair’s Outlook Short squeezing drags on, but has tapered off at a cluster of resistances, mainly formed by the 200-day SMA and monthly R1. If the bullish impetus is here to stay for a longer time period, this may endanger the 55-day SMA atMon, 08 Apr 2013 08:33:55 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/08/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/05/Technical Analysis EUR/USD EUR/USD continues to appreciate “The latest jobless claims added to the recent evidence that some of the U.S. growth momentum seen earlier in the year is starting to ease. A re-think of the Fed still has the potential to shake the markets out of their long U.S. dollar position.” - BNP Paribas (based on CNBC) Pair’s Outlook After being suspended by a 1.2850 level, the major currency pair made a spike down, breaking a recent low at 1.2751 as unemployment data in theFri, 05 Apr 2013 08:15:15 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/05/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/04/Technical Analysis EUR/USD EUR/USD is suspended by 1.2850 “It may be too early for them to do that this month, but I’d expect Draghi to acknowledge that the economy is not improving and the chances of a surprise are bigger than they were.” - ING Bank NV (based on CNBC) Pair’s Outlook The major currency pair demonstrated a fragile bullish impetus in recent week, but the price quickly found the resistance at 1.2850, which has kept the pair at the same level for four days in a row. According to aThu, 04 Apr 2013 08:15:11 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/04/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/03/Technical Analysis EUR/USD EUR/USD trims gains “The data does confirm that the outlook for the Eurozone has deteriorated over the last month on almost all fronts.” - Scotiabank (based on CNBC) Pair’s Outlook As soon as the pair approached the falling resistance line, it came under strong selling pressure that drove the price away, proving that it is not yet ready for a change of the current downward course. Accordingly, a contact with 1.27 is viewed as a high probability event that in manyWed, 03 Apr 2013 08:38:42 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/03/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/02/Technical Analysis EUR/USD EUR/USD pulls back to down-trend “European events favor the euro a bit after quite a bit of selloff last week.” - Barclays (based on MarketWatch) Pair’s Outlook After bouncing off the 200-day SMA and falling as low as 1.2750, the currency pair has returned back to the declining resistance line that has been safeguarding the down-trend since February, when the price reached a mark of 1.3710. The latest rally has occurred despite the daily indicators turning bearish,Tue, 02 Apr 2013 08:23:41 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/02/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/01/Technical Analysis EUR/USD EUR/USD opens with a bearish gap “Investors will see some risk and there are also some issues with Italy, so the euro is likely to head toward $1.25.” - a trader at a European bank (based on Reuters) Pair’s Outlook From the very beginning of this week the currency pair is demonstrating attraction towards 1.2704/1.2688, although there is a Bollinger band at 1.2737 in the way at the moment. According to the technical indicators, the down-move is highly unlikely to beMon, 01 Apr 2013 08:51:54 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/04/01/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/03/29/Technical Analysis EUR/USD EUR/USD remains below the down-trend “The euro appears to be stabilising just for now, but European bond markets are clearly showing a rather different picture.” - Sumitomo Mitsui Bank (based on CNBC) Pair’s Outlook Support at 1.2765/60 holds for now, but in the end is expected to give in to the bears, exposing 1.27, the current location of the Bollinger band and weekly S2, since the outlook on the pair is from neutral to negative. However, if the rallies are toFri, 29 Mar 2013 10:06:16 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/03/29/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/03/28/Technical Analysis EUR/USD EUR/USD gravitates towards 1.27 “Our technical analyst highlights that a break of the $1.2806 technical support level opens the way for a decline to $1.2737.” - BNP Paribas (based on CNBC) Pair’s Outlook After overcoming a short period of hesitation near 1.2815 the pair continued the decline and encountered 1.2774/65, which appears to be a stronger support line than the previous one. Nevertheless, it is also expected to be eroded eventually, allowing for a dip downThu, 28 Mar 2013 10:44:04 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/03/28/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/03/27/Technical Analysis EUR/USD EUR/USD’s dip stops at 1.2817/15 “We expect that markets will rebuild short euro positions, which will weigh on [the] euro in the near term.” - Credit Agricole (based on MarketWatch) Pair’s Outlook A rally beyond the falling resistance line did not turn out to be sustainable, failing to reach the next notable level at 1.3117/1.3096 and closing back under the 200-day SMA and the trend-line. Accordingly, the bias towards the pair is negative, as it is now moving enWed, 27 Mar 2013 11:19:16 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/03/27/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/03/26/Technical Analysis EUR/USD EUR/USD plummets to a new low “The market was spooked by the possibility that Cyprus won’t be the only time bank deposit holders are forced to share the cost of a bailout. With the political risk in Italy continuing, it will be hard for the euro to make any headway.” - Barclays Plc. (based on Bloomberg) Pair’s Outlook The major currency pair was moving very confident above the 20-day SMA at 1.2978 yesterday, but as London trading session opened, the price sharplyTue, 26 Mar 2013 10:45:00 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/03/26/http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/03/25/Technical Analysis EUR/USD EUR/USD gains above the 20-day SMA “Assuming it is all signed off, markets aren’t likely to be fussed about the details. Euro should make a run at $1.31 in a relief rally.” - Westpac Banking Corp. (based on Bloomberg) Pair’s Outlook News from Cyprus inflamed bullish sentiments in the major currency pair, as the price surged on Monday’s trading session. The pair overcame the 20-day SMA at 1.2993 and was moving higher towards the upper boundary of last week gap atMon, 25 Mar 2013 09:48:35 GMThttp://www.fxstreet.com/technical/market-view/info@dukascopy.com (Dukascopy Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-technical-overview/2013/03/25/