The EUR/USD found the 1.30 level supportive yet again on Monday. The pair bounced hard, and finished the session above the 1.31 level as the support was so strong. However, the pair certainly cannot be bought in...
The EUR/USD pair fell hard during the session on Friday as Spanish bond yields spiked yet again. The cost of insuring those bonds is also rising, and as a result people are dumping the Euro.
EURUSD is facing 1.3003 support, a breakdown below this level will signal resumption of the downtrend from 1.3486, then deeper decline towards 1.2624 previous low could be seen. Resistance is now at 1.3250, only break above this...
The EUR/USD pair rose for the session on Thursday in response to Janet Yellen of the Federal Reserve talking about the need to keep rates low in the United States going forward. This had the markets repricing...
A decrease in the yield of Spanish and Italian government bonds provided support for the Euro currency.
The EUR/USD pair rose during the Wednesday session, only to fall later in the day. The resulting candle is another shooting star as the support level holds – but the bulls cannot gain any real traction.
The Federal Reserve Chairman, Mr. Ben Bernanke said that the U.S. recovery was far from being complete. Asian and European trading sessions:
The EUR/USD pair fell on Tuesday as the markets sold the Euro off in general. The Spanish and Italian bonds markets saw a spike in yields as the fears of a debt crisis have obviously not gone...
The EUR/USD pair fell during the session on Monday, but bounced from the 1.30 area to form a hammer. This pair is certainly one we don’t like to buy, but selling at this point will be difficult...
The Dollar Index is currently range bound between 81.00 and 78.70. Major constituent of the Dollar Index basket, the Euro is trading sideways with bearish undertone, resulting in correction in most of the asset classes, especially the...
