The sudden spike up today has undone predictions of further downside. If it pierces above the 1.2561 highs then it will probably extend up to the 100-day MA at 1.2604. Another alternative is some range-bound activity, and...
EUR/USD attempted to rally during the Monday session, but fell in order to form a shooting star that is sitting just at the 1.25 handle. Looking at this chart, it does in fact look like the downward...
The US Dollar is trading flat after finding support at 81.20 with 82.00-82.30 being interim resistances. Further weakening of the Greenback is expected only on daily close below 81.00 ranges.
The EUR/USD pair fell during the Friday session as the 1.25 level was pierced below. The pair has recently reached the top of the channel that’s been trading and, and formed a shooting star on Thursday. This...
The US Dollar after correcting from 84.20 ranges since couple of weeks is currently trading flat after finding support at the interim support of 81.20 ranges. Further weakening of the Greenback is expected only on daily close...
Toward the end of Summer, the Federal Reserve District of Kansas City hosts a central bankers meeting at beautiful Jackson Hole Wyoming. It was at this venue that Fed Chairman Bernanke announced in 2010 that he was...
EURUSD’s rise from 1.2042 extends to as high as 1.2589. Further rise to test 1.2747 key resistance is still possible next week, as long as this level holds, the rise is treated as consolidation of the downtrend...
The eurodollar pair has touched the top of its channel and pulled-back. It has formed an H&S reversal pattern at the highs on the 1-hour chart and it is in the process of breaking down through the...
Release of the recent Fed Minutes, which showed active consideration of QE3 – a perceived stimulus for the globally lethargic economies – is reflected in such consideration spreading beyond US shores.
The EUR/USD pair continued to March higher on Thursday, but gave back about half of the gains in order to close near the 1.2550 level.
