A disappointing US consumer confidence report released yesterday, caused the greenback to take heavy losses against virtually all of its main currency rivals. The dollar appears to have stabilized in overnight trading, but only after it hit...
EURUSDThe pair inclined strongly, breaching 1.3500 to activate yesterday’s scenario and now the overbought signs are appearing on momentum indicators. We expect a retest of the breached level before resuming the expected bullish intraday trend. The technical targets start at 1.3700...
Crude found strong support at the MA 50 that maintains the suggested bullish trend scenario in our previous reports, where all is needed now is the clear breach and stability above the neckline at 76.60. Thus, we can...
Market Review – 28/09/2010 23:09 GMTDollar drops versus yen and euro on speculation of Fed’s easingThe greenback weakened against the Japanese yen and euro on Tuesday, as the weak U.S. data reinforced the speculation that U.S. Fed...
According to wave count this currency pair is now trading in corrective waves (B) of various degrees. First, there is daily wave B down, starting from 135.03 (colored royal blue on the chart), then there’s subwave B...
ForexPros Daily Analysis September 28, 2010 Euro Dollar The Euro jumped to a new 5-month high yesterday at 1.3503, only 6 pips below the important 50% Fibonacci level for the medium term. This accurate reversal at a...
Concerns over European banking sector pressured the euro. Asian and European trading sessions: Euro: Monday saw the EUR/USD trading in a tight range of $1.3425-$1.3500. The euro was still holding its maximum levels against the greenback, but...
The downside correctional channel still controls the pair’s movement since the correction was triggered from the recorded top at 163.05; the downside correction extended beyond the main levels yet 76.4% correction was strong support against further bearishness...
Amid the central bank movements from the United States and Japan, the euro zone has been eerily silent regarding its currency valuation and interest rates. This week’s news events should help shed more light on what’s happening...
EURUSDThe pair is moving within a sideways range between 1.3420 and 1.3500, where Stochastic neared oversold areas; thus, we expect to continue the bullish intraday trend that requires the breach of 1.3500 to pave the way towards the...
