EURUSD is now in downtrend from 1.3486, and the fall extended to as low as 1.3003. Further decline is still possible after a minor consolidation, and next target would be at 1.2800 area. Resistance is at 1.3300,...
The EUR/USD pair rose during the session on Thursday as the 1.30 level held firm as support. The area is a 200 pip “zone” of support that continues to frustrate the bears, and shows just how supportive...
The U.S. dollar strengthened after the FOMC’s decision on interest rate.
The EUR/USD pair fell for most of the session on Wednesday to test the 1.30 support level. The area is actually a 200 pip “thick” zone, and as such we don’t consider it broken until we get...
The EUR/USD pair fell again for the Tuesday session as the Federal Reserve failed to suggest that further quantitative easing is on the way. This strengthened the Dollar, and the Euro took it hard.
The EUR/USD pair fell at the open for the Monday session, but bounced in order to form a hammer at the top of serious support. The support level, which runs from the 1.29 to 1.31 levels, should...
The Dollar Index is currently capped between 79.00 and 80.20, resulting in most of the asset classes especially the benchmark equity index of the Dow Jones Industrials trading sideways between 13050 and 12890. Today’s FOMC Rate Decision...
Market review for 5 – 9.03, 2012
The EUR/USD pair fell hard on Friday as the Non-Farm Payroll number came out better than expected. The Greeks we also finally labeled as being in default, and the CDS markets saw the insurance policies triggered.
EURUSD breaks below the upward trend line on 4-hour chart, suggesting that the upward movement from 1.2624 has completed at 1.3486 already. Now the fall from 1.3486 would possibly be resumption of the downtrend from 1.4939 (May...
