The EUR/USD pair rose during the session on Friday as the “risk on” rally continue to take hold. One has to wonder whether this was Euro buying, or simply short covering, as the markets gave up quite...
Currency markets last Friday continued to digest Thursday’s statement from ECB President Draghi, trying to glean how markets will be influenced by such changes. No doubt rumours will continue to swirl until we get confirmation of the...
EURUSD has formed a cycle bottom at 1.2042 on daily chart. Further rally could be expected next week, and the target would be at 1.2600 area. Key resistance is at 1.2747, as long as this level holds,...
The EUR/USD rallied up to a resistance level at the 1.2320 level and formed a double top reversal pattern on the hourly chart. It has now broken down and has re-entered the former rising channel. It will...
EUR/USD rally during the session on Thursday after the head of the European Central Bank, Mario Draghi suggested that he was ready to do “whatever it takes” to keep the Euro viable. The truly interesting thing about...
The European Central Bank President, Mario Draghi, at a meeting in London yesterday, led cheers for the future of the euro. Draghi said: “Within our mandate, the ECB is ready to do whatever it takes to preserve...
Market review for 25.07.12: The Euro increased despite negative news from Germany.
The eurodollar pair has stopped rallying and consolidated into a triangle which looks almost complete. If it breaks down and continues the bearish trend lower then it will reach the cluster of pivots at 1.2100; a break...
Continuing turmoil in Spain is seen to hamper the Euro’s stride alongside the US dollar today. After having fallen in the previous four months, the National Bank of Belgium’s business barometer reached a gain in July, reversing...
EUR/USD rose during the Wednesday session as the gap has now been filled from the weekend. The Euro continues to have major issues, but there were comments from various higher ups in the ECB over the last...
