Market Commentary The Dollar Index (DX) is dwindling around 80.20 ranges on the even of the benchmark equity index of the Dow Industrials (.DJIA) trading tight at the psychological resistance of 14000 mark. Next leg of Dollar...
EURUSD pulled back from 1.3711, suggesting that a cycle top had been formed on daily chart. Deeper decline would likely be seen next week, and the target would be at the upward trend line.
The EUR/USD pair fell again on Friday, after initially trying to rally and bounce off of the 1.34 level. This market looks relatively weak, but it should be stated that there are a lot of supportive clusters...
Market Commentary With most of the asset classes correcting, the Dollar Index (DX) gained by more than 50 points to currently trade at 80.32. Next leg of Dollar weakness is expected only below 79.00 ranges else it...
The EUR/USD pair fell during the session on Wednesday, but remained above the 1.35 level. This area should provide quite a bit of support, but there will be concerns of what is going to be said after...
Market Commentary The US Dollar Index is trading consistently above 79.00 ranges which have been acting as formidable support since April 2012. Next leg of Dollar weakness can be expected only on DX closing below 78.50 on...
As they say “hindsight is always 20/20.” Last Friday’s rally in the euro was meant to be sold, but initiating a new position on a Friday can be intimidating. The trade late Friday can always be interesting.
The EUR/USD pair dipped below the 1.35 handle during the session on Tuesday, but bounced back in order to close just under 1.36 as the buyers stepped in and defended the 1.35 handle after all.
Market Commentary The US Dollar traded mixed wherein it traded flat against the Euro and the Swiss Franc whereas the British Pound, the Aussie Dollar and the Japanese Yen continued to stumble. Though mild correction was witnessed...
The EUR/USD pair fell hard during the Monday session, crashing into the 1.35 level. This level was the neckline of a massive inverted head and shoulders, so we do believe that quite a bit of support should...
