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USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Bullish Argument Down, But Not Out

EURGBP TECHS

Attention Is On Resistance

Dragonfly Doji EURUSD charted a...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Dragonfly Doji
EURUSD charted a dragonfly doji on Friday, a close above 1.1296 is needed for
confirmation which could signal a key bullish reversal. Near-term resistance is
seen at 1.1341/42 from the 38.2% retracement level & Feb 13 high, a break opens
the 100-dma at 1.1401, ahead of a potential return to down trendline resistance
at 1.1481. Bears need to clear 1.1234 to reignite downside momentum. A break
would trigger a potential bear flag, strengthening the downtrend toward 1.1187
which represents the 61.8% retracement of 1.0341-1.2555.