The EUR/USD pair has continues moving broadly sideways although now it has hit resistance from the monthly pivot and will probably fall from here to support at 1.2215. A stronger move below 1.2215 – which is the...
Was ECB President Draghi’s promise to defend the integrity and future of the euro premature? All we have so far is a bunch of guesses of what the future defense of the euro might be.
Market review for 31.07.12: The unemployment rate of Japan unexpectedly fell in June.
In spite of fading expectations of stimulus action this week by the US Federal Reserve and the European Central Bank, the demand for the Euro opposite the US dollar continues to thrive.
The EUR/USD pair rose during the session on Tuesday as traders bought into the notion that the European Central Bank was going to ride to the rescue. However, any easing out of that central bank will ultimately...
The EUR/USD pair fell during the Monday session after forming a shooting star at the 1.23 level on Friday. This is a bearish turn of events, but it should be said that there was a little bit...
The euro-dollar pair is currently rising within a channel visible on the 4-hour chart, if it continues it could reach the upper channel line at 1.2360, however, any higher would be less likely. The pair has formed...
Market review for 30.07.12: The markets in anticipation of the ECB and Fed of U.S. meetings.
Market review for 23 – 27.07.2012
The EUR/USD has climbed to the top of the channel on the 4-hour chart and formed a head and shoulders pattern. My preference is for a break below the neckline at the 1.2240 level leading to to...
