EUR/USD Forecast March 5, 2013, Technical Analysis
The EUR/USD pair fell below the 1.30 level again on Monday, but just as it was on Friday, the market could not hold below that level. It is because of this that we are starting to think...
Tag: EURUSD
EURUSD Analysis – March 3, 2013
EURUSD’s downward movement from 1.3711 extends to as low as 1.2966. Further decline is still possible and next target would be at 1.2800 area. Resistance is at 1.3200, only break above this level will indicate that a...
EUR/USD Forecast March 4, 2013, Technical Analysis
The EUR/USD pair fell through the 1.30 level during the Friday session, but found enough buying pressure there to push market higher and above it. This candle is relatively neutral, with a slightly negative bias.
EUR/USD Forecast March 1, 2013, Technical Analysis
The EUR/USD pair fell during the session on Thursday, continuing to consolidate between the 1.3050 level, and the 1.3150 level. This market definitely looks week at this point in time, and with all the problems in Italy...
EUR/USD Forecast February 28, 2013, Technical Analysis
The EUR/USD pair rose during the session on Wednesday as the bullish momentum picked back up in the Euro. The Italians managed to sell debt at a reasonable rate, so the immediate fear was waylaid in Europe.
EUR/USD Forecast February 27, 2013, Technical Analysis
The EUR/USD pair went back and forth during the session on Tuesday as the 1.30 level held up as support. However, this is neither a bullish or bearish candle, and is relatively neutral. The real question then...
Italian Elections Weigh Heavy on Euro
Total disappointment, bordering on total disbelief, in the Italian elections saw investors run for cover and widespread cutting of major “risk positions” in the euro and its crosses. Despite some stabilisation this morning, where the euro has...
EUR/USD Forecast February 26, 2013, Technical Analysis
The EUR/USD initially looked very bullish for the session on Monday, as it sliced above the 1.3250 resistance area. However, as the Italian election results started to come in, anti-austerity politicians did much better than anticipated.
GFM Research FX Daily Report, Feb 26, 2013
Market Commentary The US Dollar appreciated across the board resulting in deep sell of in the benchmark equity index of the Dow Industrials (DJIA). The Dollar Index (DX) is consistently trading above the critical resistance of 81.20...
GFM Research FX Daily Report, Feb 25, 2013
Market Commentary The US Dollar appreciated across the board wherein the Sterling continued to depreciate to currently trade at 1.5130 ranges followed by the Euro and next the Japanese Yen which is trading near its year lows...