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EURUSD Resisted by October Lows

Published 12/21/2011, 07:09 AM
Updated 02/13/2020, 10:25 AM
EUR/USD
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USD/HKD
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On the old retracement below we see the EURUSD pair broke below the early October lows last week and rallied back to that level yesterday as positive Spanish bond auctions, German Confidence and some positional shifts helped the pair higher. In a relatively thin market this holiday season after a rollercoaster year for the Euro, a break above the October lows/100% should be resisted by the trending 21day mavg.

eurusd

USD/HKD in an upward wedge


usdhkd-4hr-12-20

USD/HKD in an upward wedge and being supported by the 50 bar moving average.

usd/cnh in a downward wedge.


usdcnh-daily-12-20

usd/cnh in a downward wedge in this daily chart.

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