EUR/USD: triangle forming
Eurodollar is forming a triangle with the exchange rate currently rising in an Elliot ‘D’ wave, targeting the upper boundary at 1.2555. After that it will probably fall back down to the lower boundary at 1.2480 as...
Tag: EURUSD
EUR/USD Forecast August 31, 2012, Technical Analysis
The EUR/USD pair ended up lower at the end of the Thursday session sitting just above the 1.25 level again, as it serves as support. With the Federal Reserve Chairman giving a speech later today in Wyoming,...
31-Aug: Daily FX perspective – GFM Research
The US Dollar is still trading flat at 81.64 with 81.00-81.20 acting as support and 82.10-82.30 acting as resistance; only daily close below 81.00 would lead to further depreciation in the USD across the board. The benchmark...
Forex-Metal Daily Analysis -30/08/2012
Technical analysis for 30.08
EUR/USD: trend still up
The EUR/USD pair is meandering without much direction at the moment. The deadening volume may be put down to a substantial portion of the market standing aside in anticipation of Jackson Hole. Nevertheless, the pair is still...
EUR/USD Forecast August 30, 2012, Technical Analysis
The EUR/USD pair fell during the session on Wednesday in order to come back down and retest the 1.25 area. The hammer shaped candle from the Tuesday session continues offer support at this point in time, but...
30-Aug: Daily FX perspective – GFM Research
The US Dollar is trading flat at 81.54 with 81.00-81.20 acting as support and 82.10-82.30 acting as resistance; only daily close below 81.00 would lead to further depreciation in the USD across the board.
EUR/USD: technical analysis – August 29, 2012
Eurodollar has pulled back after a sharp rally. It will probably resume its move higher and re-test the upper channel line at 1.2615. The bigger picture, however, indicates the formation of what is probably a fulcrum pattern...
EUR/USD Forecast August 29, 2012, Technical Analysis
The EUR/USD pair bounced off of the 1.25 handle on Tuesday as the bullish run continues. However, we aren’t comfortable going long of the Euro at this point in time as there is a lot of resistance...
29-Aug: Daily FX perspective – GFM Research
The US Dollar slipped of yesterday’s European session highs to close weak, 81.00-81.20 is posting as support; daily close below 81.00 would lead to further depreciation in the USD across the board. Yesterday the benchmark equity index...