[Swiss Frank]

It’s kinda dumbfounding how the eur holds up so well, no?

[Belgrade Bobby]

EURUSD on the smaller time frames seems as ready to hit it Up…

1.09500 Main obstacle…

[Belgrade Bobby]

EURUSD – Daily Just look at the chart – we need tonight’s close to be sure what’s coming next.

So far it looks as Down from here…but what if they close up there…

[Mtl JP]

EURO 1.0901
–
Sup (or trgt as one may please) at 200day

[GVI Forex 2]

EURUSD lower

EUR Flash PMI misses on the downside

See our Economic Calendar

[GVI Forex 2]

A look at the day ahead in European and global markets from Tom Westbrook

Central bank meetings in Sydney, Washington and Tokyo concluded this week with, respectively, few surprises, little changed and a total but expected revolution in policy.

Morning Bid: Three meetings down, bring on the rest

[SF Monedge]

My colleagues are of the view June USD and June Yen futures remain Buyer controlled, so the view is any price dips can be confidently bought.  Conversely June Euro and Pound futures remain Seller controlled and so any rallies can be confidently sold.

[Swiss Frank]

.9680-.9700 is an important res for eur/chf. Once/if cleared -> .9850-.9900 -> 1.0000 comes into focus.

[Mtl JP]

bit closer to current price action
other values on the euro that may work are Pivot R1 and Pivot S1

[Mtl JP]

funny that lagarde felt compelled to pipe in about inflation and – attention – needing more evidence and in so doing sharing nothing new beyond aping yakkings from her minions.

EURO 1.0849
If this puppy s going to move I d be expecting it to be down
below its 200day is 1.08 and 1.0775

R 1.0875

[Swiss Frank]

What there seems to be especially in eur/usd and to some degree gbp/usd is a lack of desire to commit. The weaker links (jpy and chf) are easier to punch down on so there in lies the path of least resistance. That said I don’t get the feeling there are that many people that have been short jpy for months or even weeks…..

[Bobby Belgrade]

Would anyone care to explain here how the FOMC decision and any speculation further on will reflect on USD…

What is going to happen with EURUSD if rates are cut ?

What if not ?

What if rates are raised ??

And why…what is behind the strength/weakness of USD i cases above ?

What is the logic of all of it ?

[Belgrade Bobby]

EURUSD Daily

Resistances : 1.08850 1.09450

Supports : 1.07950 1.07550

Aside of these obvious levels, and the fact that we are in Sell mode right now, there are few facts that has to be taken into account…

That downtrend line up there – it is more of a correction angle , then anything else…

So they still might try for the 1.10+ area

I would like to see it bellow 1.06 , before we declare the doom for EUR…and some real sharp angles as well.

Intraday – watch for 1.08350 support zone , and go with your Sell signals accordingly .

Tonight FOMC – Economic Calendar – stay clear of it !

[GVI Forex 2]

EURJPY DAILY CHART

EURJPY is currently an outperformer, following the “path of least resistance:, trading above its major resistance at 164.29. This leaves the next target as guesswork (165 is one of those magic levels). Back below 164.29, at a minimum, would be needed to slow the move up.

Much might depend on whether USDJPY can trade similarly by taking out its major resistance at 151.92.

So far, offsets out of this cross are helping to keep EURUSD above its supports (see prior posts).

[GVI Forex 2]

EURUSD 4 HOUR CHART

Looking at the blue AT lines dominating you can see why I said it appears to be trading “bid in an offered” marjet.

The 4 hour chart levels are clear, 1.0830-77 and 1.0795-1.0906

[GVI Forex 2]

EURUSD 1 HOUR CHART

 

It took 17 1-hour candles to go from 1.0853 to 1.0873 and just 2 to break back below it. This tells you the current risk in a market that has had bouts of what we like to say “trading bid in an offered market” with buying driven more by its crosses (e.g. eurjpy) than outright vs the USD.

I don’t like to draw conclusions from a pair trading in a 43 pip range (1.0834-77) other than to say 1.0887 and 1.0906 would need to be broken to change the picture.

4 hour chart to follow .

[SF Monedge]

Currently in our view June USDollar and June Yen futures remain Buyer controlled; any price dips can be confidently bought.  Conversely June Euro and June British Pound futures remain Seller controlled; any price rallies can be confidently sold

[GVI Forex 2]

This article was posted before the SNB revised economic forecasts

BENGALURU, March 18 (Reuters) – The Swiss National Bank will wait until at least June before cutting interest rates, according to a strong majority of economists polled by Reuters, who said it would make shallower cuts this year than peers.

The SNB may choose to wait on the sidelines until the U.S. Federal Reserve and European Central Bank start cutting interest rates, widely expected in June, to prevent further weakness in the Swiss franc.

SNB to wait until at least June before cutting rates modestly – Reuters poll

[Belgrade Bobby]

OK, successfully counted the spread on Bitcoin – it is around 1.5% – in terms of EURUSD that would be 160 pips…full pips…no pipettes

[GVI Forex 2]

EURUSD 4 Hour Chart

Note how EURUSD lost its bid and failed to hold 1.09 after its crosses turned down

1.0867 is close but yet to be tested

US yields moving up as noted earlier

I heard only 50% now expect a June rate cut by the Fed