Market Commentary The Dollar Index is trading at 79.50 ranges, near the support of the sideways trading range of 79.00-81.00 formed since couple of months; next leg of weakness in the USD is expected only on the...
The EUR/USD pair had a positive session after going back and forth during the Monday trading hours. However, we are so comfortably above the 1.33 level, and as a result we still think buying is the only...
Market Commentary The US Dollar traded mixed wherein it has traded weak against the Euro and the Aussie; continued to appreciate against the Japanese Yen and traded flat against the Cable. The Dollar Index is trading at...
EURUSD has formed a cycle bottom at 1.2998 on daily chart, and the rise from 1.2998 is likely resumption of the uptrend from 1.2661. The uptrend could be expected to continue next week, and next target would...
The EUR/USD pair shot through the 1.33 level during the Friday session, in order to breakout and above a massive resistance. Having said that, we expect quite a bit of noise all the way to the 1.35...
The EUR/USD pair shot straight up during the Thursday session after the press conference from the ECB Chairman stating that he thought other G 20 nations would it work against the value of their own currency.
The EUR/USD pair fell for much of the session on Wednesday, but as you can see towards the end of the day we got a bit of a bounce in order to form a hammer. With even...
The EUR/USD pair fell during the session on Tuesday, as we approach the 1.3150 resistance area. However, we did get a little bit of a bounce towards the end of the day and some of the losses...
The EUR/USD pair initially fell during the Monday session, but found enough support that we bounced all the way up to the 1.3120 area by the end of the day. This formed a fairly odd shaped hammer,...
EURUSD breaks below the lower line of the price channel on daily chart, suggesting that the upward movement from 1.2661 has completed. Further decline would likely be seen, and the target would be at 1.2700-1.2800 area.
