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Forex Flash: Bunds eye upside, mindful of 200-day MA – RBS

The Bund market saw a gradual recovery and closed the 142.50 bearish gap from 25 January, where several Fibonacci retracements lie. However, the move signaled further recovery towards 143.20/30 (200-day MA) onto 143.70.

According to Technical Markets Strategist Dmytro Bondar at RBS, “Further upside will be likely for this week after a minor correction from 200-day MA takes place. Momentum is turning positive, as the 20/5/5/3 slow stochastic has left the oversold region after forming a positive crossover. Therefore, a move north towards the 143.70 target and then 144.00 and 144.56/60 would be expected on a caveat of a sustained break below 142.00.”

Forex Flash: Dollar Index looks technically constructive – BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that although the Dollar-Index (DXY) failed to make a new high before the weekend, holding just below the high set on Thursday near 80.28, the settlement was near the high of the day and the technical tone remains constructive.
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Forex Flash: EU FinMin meet & G20 give scope for FX jawboning - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the EU Finance Ministers will discuss Cyprus and the Euro this week.
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