EURUSD breaks below the upward trend line on daily chart, suggesting that lengthier consolidation of the uptrend from 1.2042 is underway. Further decline is still possible next week, and the target would be at 1.3000-1.3050 area.
The EUR/USD pair went back and forth during the Friday session, testing the 1.3250 resistance level, and the 1.3150 support level. In the end, the market did essentially nothing as we closed almost unchanged.
The EUR/USD pair fell significantly during the Thursday session, cracking the 1.3250 level as support. The market did stop however as the 1.3150 area, as it looks to be the bottom of that support area. Because of...
Market Commentary The US Dollar continued appreciating on the event of the most of the asset classes succumbed to selling pressure. The Dollar Index (DX) is consistently trading above the critical resistance of 81.20 ranges and is...
The recent economic news from the US (Non-Farm Payroll) has been encouraging even though the US unemployment rate was a tick higher at 7.9%. Since this report, the initial jobless claims have been trending lower.
The EUR/USD pair initially trying to rally during the Wednesday session, but sold off rather drastically as the markets developed a “risk off” attitude around the world.
The EUR/USD pair rose during the session on Tuesday as the 1.3350 level has acted as support. This market does look like it wants to consolidate between the 1.33 level and the 1.350 area, and as a...
Market Commentary The US Dollar traded mixed wherein it has depreciated against the Euro and the Aussie but continued to appreciate against the Sterling and the Japanese Yen. Dollar Index (DX) finds resistance near 81.00 ranges; further...
Market Commentary With most of the asset classes trading flat, the Dollar Index (DX) is trading flat at 80.75 with positive bias; next leg of Dollar weakness is expected only on DX consistently trading below 78.80 ranges...
Market Commentary The Dollar Index (DX) is trading strong at 80.70 ranges resulting in most of the asset classes depreciating or forcing them to in narrow ranges at their respective resistances; next leg of Dollar weakness is...
