Forex Market Commentary 25.02.2015

FX – EURO

THE EURO closed higher on Tuesday and the highrange close sets the stage for a steady opening on Wednesday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this month's decline, the 62% retracement level of the NovemberFebruary rally crossing is the next downside target. Closes above the 20day moving average crossing would temper the nearterm bearish outlook.

FX - YEN

THE YEN closed higher on Tuesday. Tuesday's lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signalling that a high might be in or is near. If it renews the decline off January's high, the 62% retracement level of the OctoberJanuary rally crossing is the next downside target. If it extends this month's rally, the reaction high crossing is the next upside target.

FX - SWISS FRANC

THE SWISS FRANC closed lower on Tuesday. The highrange close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this month's decline, December's low crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm bottom has been posted.

FX – STERLING

STERLING closed lower on Tuesday. The highrange close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bearish hinting that a shortterm top might be in or is near. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted. If it resumes the rally off February's low, monthly resistance crossing is the next upside target.