The pair remains under pressure as it evolves in a clear bearish trend. We will hold a bearish bias until we see a clear reversal structure building. It is not yet the case as the market tries...
After one week consolidation, the pair has finally broken through its hostorical low which. The market is now testing the 0,80 level.
The pair continues to trade lower and is now testing the 78,00 level. If the market establishes below this support, we might see a continuation towards March low at 76,30.
The GPB/USD has resumed its move to the upside overnight after a consolidation on Monday. A confirmation above 1,6350 will potentially expose 1,66 (weekly bollinger band).
The pair has confirmed a bullish bias by breaking above last week high and is now testing a strong descending trendline.
Market Review – 25/07/2011 21:59 GMT Dollar falls on U.S. debt ceiling impasse The greenback tanked to a fresh lifetime low against the Swiss franc and hit a 4-month low versus the Japanese yen on Monday due...
Market review for 18 – 22.07, 2011
ForexPros Daily Analysis July 25, 2011 Possible Rounded Bottom in GBP/CAD The Canadian Dollar was very active last week, due to enormous amount of data released in that country. Even though a lot of it was positive,...
Market Review – 22/07/2011 22:05 GMT Euro falls on concerns over Greek bailout package The single currency weakened on Friday as initial optimism was dampened on uncertainty how the aid package for Greece will be implemented to...
A breakdown in Congress over the debt limit this weekend has resulted in rather sporadic behavior in the forex market so far Monday morning. Though risk aversion appears to be rising, indicated by soaring precious metal values,...