The EUR/USD pair broke through the 1.25 level on Wednesday after the Federal Reserve released minutes from the July meeting. This suggested that there were several people on the board that were willing to engage in monetary...
The EUR/USD pair has pulled back and re-tested the neckline of the inverted H&S at 1.2440 and it will probably continue its rally from here, targeting 1.2550 first, which is the top of the channel, and then...
The EUR/USD pair had a very bullish session on Tuesday as more signs of hope entered the marketplace. However, hope typically gets squashed by someone in Europe, and we feel it is only a matter of time...
Eurodollar has broken above the 1.2385 highs and will probably now run all the way up to the 1.2440 level, although there may be a short pull-back to the support line at 1.2380 first. It is possible...
The EUR/USD pair had a back-and-forth session during the Monday trading day, to in the session and basically unchanged. The candle is very neutral, and sitting on an uptrend line from the rising wedge that we’ve been...
The EUR/USD pair fell during most of the session on Friday, but did manage to bounce in order to form a hammer. We are currently hugging the uptrend line of a rising wedge, and as such we...
EURUSD remains in downtrend from 1.3486, the rise from 1.2042 is treated as consolidation of the downtrend. Further rise to 1.2600 area to complete the consolidation would likely be seen. Key resistance is located at 1.2747, as...
There seems to be a disconnect between the economic news and market action. Specifically, the action of the Spanish IBEX 35 Index, today up 2.09%, and the Italian FTSE MIB Index up 1.08% seems to contradict economic...
The EUR/USD pair had a very positive session on Thursday as the 1.2350 level was it. The market still looks as if it’s in a rising wedge, and there are still plenty of problems in Europe. Because...
The EUR/USD pair had a bearish session on Wednesday as it broke down below the shooting star formed on Tuesday. The uptrend line that had held this market in place for so long did in fact do...
