The EUR/USD pair has formed a head and shoulders pattern on the hourly chart with neckline currently threatened. My preference is for break and more downside with the target for the move at 1.2170 and the weekly...
Friday 13th 2012. One of the reasons given for the modest rally in European stocks today is the Chinese GDP released last night. It had been estimated the quarters GDP would be down to 7.7%, last year it...
EURUSD’s downward movement from 1.2747 extends to as low as 1.2162. Further decline is still possible, and next target would be at 1.2000. Resistance is at 1.2350, only break above this level will indicate that a cycle...
The EUR/USD pair bounced during the Friday session, as the 1.22 level held as support. This bounce will more than likely signal an opportunity to sell this pair again, as the trend is so obviously bearish.
The EUR/USD pair is still falling although it has found some support on the daily chart from the lower line of a down-sloping wedge. It is possible that it could bounce from this level although there is...
EUR/USD fell during the Thursday session as the rout of the Euro continued. The 1.2200 level has offered a bit of support, and as such we did see a bit of a hammer formed for the Thursday...
Eurodollar has fallen to close to support at 1.2200 from where it will probably bounce. This is at the level of the lower line of a bearish wedge seen on the daily chart. RSI is also showing...
Yesterday in Madrid Spanish Prime Minister Mariano Rajoy, bending to the wishes of Berlin and Brussels, announced the next dose of austerity, intended to produce €65B in savings. The previous austerity measures have sent unemployment soaring, 24% overall...
The EUR/USD pair fell during the session on Wednesday, but did manage to bounce back and form a relatively neutral candle. The beauty of the candle though is that it sets up a relatively straightforward trade.
Technical analysis for 11.07
