Author: fxarsenal.com

Since New Year EURUSD has significantly declined breaching a few major support levels and reaching its low from beginning of 2011.

EURUSD bounced of its strong support level – area of 1.2940 ,one year-low, and was stuck in horizontal trend during entire week.

 After almost entire week of horizontal trend on EURUSD, now we might be witnessing comeback to more decisive downward movements. This time, we should justify current situation deploying fundamental analysis basics and in particular behavioral finance.

Since Friday EURUSD pair has been moving in a downward trend that is currently narrowing. Declining volatility indicates high probability of strong surge on a price chart to come. Strong signal biasing toward further dollar depreciation might...

Main currency pair is currently stuck in the enduring upward correction. We hold an considered opinion that in scenario of present tendency sustained, the target is Fibonacci retracement the level of 1.3092. Factor that may hinder further...

Main currency pair is currently leveling downward correction that began on Friday. Strong resistance that may hinder or even stop further Euro appreciation is green trend line (chart below). In scenario of breaching mentioned trend line, target...

Today we will got acquainted with two last in this week data releases coming from USA. Namely Initial Claims and Pending Home Sales. Data stating current condition of labor market is expected to improve this week and...