Early, the USD was under pressure yesterday with across the board selling. ‘The US recovery is slowing and it is time to sell the USD’ was the mantra. The markets were attracting a lot of new bears,...
The EUR/USD pair had another back and forth session on Tuesday as the market simply cannot decide which way it wants to go. The downtrend line from the February highs continues to hold the bulls back, and...
The EUR/USD pair continued to confound traders on Monday, while not only going back and forth, but also giving everyone a little bit of what they want. Simply put, the market isn’t willing to take too many...
EURUSD
After last weekend’s election in France, where the incumbent Sarkozy finished poorly, many were expecting the euro to weaken versus the USD. Such was not the case, and to the chagrin of a market loaded with shorts,...
The EUR/USD pair rose during the session on Friday, but fell a bit short of breaking out of the descending triangle that the market looks like it is trying to form. There are a ton of problems...
EURUSD failed to break below 1.2975 key support, and traded in a range between 1.2975 and 1.3486 for several weeks. Lengthier sideways movement in the range could be expected next week. Another fall to re-test 1.2975 support...
The EUR/USD pair tried to gain overall during the session on Thursday, but was repelled by the end of the session to form a bearish candle.
The EUR/USD pair had a back and forth session on Wednesday as the Federal Reserve has essentially taken the easy way out for the meeting. In other words, the statement said little about the possibility of quantitative...
