Technical Analysis

Views via Société Générale on the euro, the one to two month vie: EUR/USD has crossed above the daily Ichimoku cloud denoting extension in the ongoing rebound.  Next potential hurdles are at 1.2245 and January peak of 1.2350.200-DMA at 1.1930 should be near term support.  SG nominate S/R ahead for the pair. Resistance: 1.2210/1.2245 1.2165 1.2130
The move above the 100 day MA during the Lagarde press conference failed The EURUSD is retesting the 100 hour MA at 1.20209. Earlier in the day, the price stalled at the level and bounced. The bounce ended up breaking above the 100 day MA above during the Lagarde press conference, but has given up
Major indices lower but seeing some early dip buying The major indices are lower but seeing some early dip buying. The Dow industrial average is leading the way to the downside with a decline of about -0.25% currently. The NASDAQ index is down -0.08% A snapshot of the market currently shows: S&P index -6.2 to points or -0.15%