The EUR/USD rose on Friday, but managed to find the top of the recent downtrend channel resistive. The pair looks like it is stuck between two levels at the moment, the 1.4250 and 1.45 levels. The market...
The pair has been pulling back significantly over the last 2 weeks after a significant breakout of a long term rising trendline. The Aussie might be under pressure going forward considering the overall market shift towards risk...
The pair continues to consolidate (2 weeks range) after its bounce on top of 0,94 which resulted in a 500 pips rally and a test of parity. We consider that a major bottom is now in place.
The pair has been consolidating all week after the sharp bounce we saw since August 10 and following the statement from SNB vice president about a possible future peg of the swiss franc on the Euro which...
It is always the same story with the USD/JPY which has been trading flat after the market has digested the last BoJ intervention (from August 04).
The pair has been rallying significantly the most part of the week, testing the 1,66 after a break above previous high at 1,6480.
The pair continues to trade sideways and we still wait for a major validated breakout to get a better picture of the possible future developments.
Greenback wins back its previous losses.
ForexPros Daily Analysis August 19, 2011 Euro, Pound Bouncing off Next Long, Yen Still Hugging Lows Euro: On the daily, the euro spent the last couple of days in short setups into the next half way back...
A short series of data released yesterday painted a weaker picture for the global economy’s growth. Weekly unemployment claims in the US saw a worse than forecast rise, hitting 408,000 for the past week.
