Market review for 28.05 – 1.06, 2012
The EUR/USD pair got a bit of a boost during the session on the bad jobs numbers out of America. This seems to be predicated on the idea that the Federal Reserve could forced to step in...
EURUSD stays below a downward trend line on daily chart, and remains in downtrend from 1.3283, and the fall extends to as low as 1.2288. As long as the trend line resistance holds, downtrend could be expected...
The EUR/USD pair continued to fall during the Thursday session, but not without a serious attempt to rally. The Euro got a bit of a lift on a rumor that the International Monetary Fund was talking with...
The EUR/USD pair fell hard on Wednesday as a continuation of the concerns occurred worldwide. The Spanish banks are now front and center, and as such we are now worried about the entire zone on the whole,...
The Greek banks received a total of 18 billion Euros as the second program of assistance to Greece from the EU and the IMF.
The EUR/USD pair managed to break down below the 1.25 level on Tuesday, but bounced back in US trading as the Americans have yet again come to the rescue of the Euro.
Technical analysis for 29/05
The EUR/USD pair had a nice gap to open up the week on Monday, but by the end of the session most of it had been reclaimed. The rumors that the Europeans were putting together some kind...
The EUR/USD pair continued to show weakness on Friday as the sellers have this pair firmly under control. The resulting shape of the candle is the second shooting star in an a row at these low levels,...