The pair is back under pressure after its break below its rising trendline. Next target is given at 0,95 (weekly bollinger band) with an extension towards multi-year low at 0,9450.
The pair remains well bid after its sharp bounce on top of its historical low at 0,8270. Next key resistance is given at 0,8550.
The pair is still consolidating above the key 80,00 level. A material base seems to be in place and a break above 81,30 would expose next resistance at 82,00.
The pair might be ready to resume its move to the downside after a shy attempt above 1,61 resistance.
After a 5-days rally, the EUR/USD seems to have found some resistance ahead of 1,4570 validating a descending trendline started in the beginning of May.
Market Review – 04/07/2011 16:19 GMT Euro pares gain after S&P says debt rollover may put Greece in ‘selective default’ The single currency extended last week’s rally to a fresh one-month high of 1.4580 in Australia on...
07/05/2011 01:38 UTC USD swings higher as it strengthens against the EUR, GBP, JPY, CHF and AUD. Recent mid-term strength indicator reading for USD is 3 out of 8, thus suggesting that the current swing may be...
Market review for 27.06 – 01.07, 2011 Previous trading week saw strengthening of the euro and other high-risk currencies. Monday,
ForexPros Daily Analysis July 04, 2011 EUR/NZD Ready for a Move So far, in 2011 the EUR/NZD pair has not made much progress. It started the year at around 1.7250 and now, six month later is at...
Market volumes will be thin after the European sessions are completed today because of the holiday in the United States. The EUR continues to hold its ground amidst gains against the USD. The GBP has climbed slightly....