The EUR/USD pair shot straight up during the trading day on Friday as the US jobs number disappointed. This suggests to most traders that the Federal Reserve will have to implement further monetary easing in the near...
EURUSD breaks above 1.2747 key resistance, suggesting that the downtrend from 1.3486 has completed at 1.2042 already. Further rise could be expected after a minor consolidation, and next target would be at 1.3000 area. Support is now...
Eurodollar has moved up to the upper channel line and hit resistance. It has also finished an A-B-C formation and therefore it will probably fall from here, down to perhaps support at 1.2625, although there are no...
The EUR/USD pair fell during most of the session on Thursday, but managed to bounce in order to form a bit of a hammer. We are currently sitting just below the 50% Fibonacci retracement from the fall...
The Dollar Index is currently trading flat at the critical support of 81.00 after the Greenback depreciated yesterday across the board especially against the Aussie. The short-term trend is still range bound between 81.00 and 82.10 with...
ECB President Draghi revealed his bond-buying plan, named ‘Monetary Outright Transactions’, similar to the plans leaked to the press Wednesday. While the market did rally Wednesday on the rumour, the EURUSD (FXE) has sold off from the...
Eurodollar has reached a strong level of resistance at the 1.2625 mark where price has been repulsed several times before. A shooting star candlestick has already formed on the hourly chart and if a move lower evolves...
EUR/USD pair rose during the session on Wednesday as the 1.25 level held as support again. The 1.26 level has been pierced yet again, but is still offered a bit of resistance. With the ECB statement coming...
The Dollar Index is currently trading flat at the critical support of 81.00; most of the FX pairs are trading flat since the Asian session with focus shifting to the ECB interest rate decision and its policies.
Eurodollar has pushed lower, breaking down though the neckline of the double top and almost reaching the profit target at 1.2475. Now it has rebounded and begun moving higher again. This is probably a counter-trend move, or...
