Market review for 14.08.12: The reports for German and French economical data were quite positive. Asian and European trading sessions:
The EUR/USD pair attempted to rally on Tuesday, but fell short and formed a shooting star. The shooting star suggests that perhaps we are going to try the uptrend line or bottom of the rising wedge over...
Market review for 13.08.12: The Euro substantially grew on the results of the auctions for the Germany and Italy bonds.
The EUR/USD pair had a bullish session for the Monday trading day, but it did manage to give up quite a bit of its gains in the end. The 1.2350 level continues to hold as resistance, and...
Market review for 6 – 10.08.2012
EUR/USD fell during the session on Friday again, but did get a bounce towards the end of the day to form a hammer. This hammer is sitting just below the 1.23 level, and on top of what...
EURUSD is in consolidation of the downtrend from 1.3486. Another rise to 1.2600 area to complete the consolidation would likely be seen over the next several days. Key resistance is at 1.2747, as long as this level...
The EUR/USD pair managed to fall yet again during the Thursday session, and even break down below the 1.23 level. However, by the end of the session we saw the 1.23 level attract buyers again, and it...
Market review for 08.08.12: The pound grew sharply when the Bank of England expressed less concerns of about the British economy outlook.
The EUR/USD pair fell during the session on Wednesday but bounced enough to form a hammer. The 1.23 level looks as if it’s acting as support currently, and as such we think that a break down below...