The EUR/USD pair rose during the session on Friday as the Euro continues to gain. Overall, the currency looks very strong at the moment, and it appears that we are heading towards the 1.3150 level before it’s...
The EUR/USD pair rose slightly during the Thursday session as the market looks ready to reenter the consolidation area between 1.28 and 1.3150 over the next couple of weeks.
The Greenback traded mixed against the four FX majors, wherein it has depreciated against the Euro, the Swiss Franc and the GBP whereas the Yen continued to depreciate against the USD.
The EUR/USD pair fell during the Wednesday trading session in order to test the 200 day simple moving average again. This also reaffirmed the supportive nature of the 1.27 to 1.28 support zone.
Once again the Euro finance ministers assembled for another meeting in Brussels to discuss the Greek bailout. German Finance Minister Wolfang Schaueble, asked if there would be a new programme for Greece: “I said we have a...
Market review for 20.11.12: The Bank of Japan decided to keep the volume of purchases of assets on the same 66 trillion Yen level.
The Dollar Index is trading at 81.25 ranges still hovering around the short term resistance of 81.00-81.20 from where it sold off during September last.
EUR/USD finally closed above the 1.28 level as that resistance area has been slowly chipped away over the last couple of weeks. With this being said, it is a bullish sign and we would consider the possibility...
Technical analysis for 20.11
The Dollar Index is trading at 80.90 with 81.00-81.20 ranges still acting as short term resistance from where is sold off during September last. The benchmark equity index (.DJIA) is trading at 12760 after slipping below the...
