The unemployment in the EU reached the record level of 10.4%.
EUR/USD rose for the beginning of the session on Tuesday, but gave up those gains before it was all said and done. The pair fell hard, but found the 1.31 level as being supportive yet again.
The Dollar Index is trading near short-term support of 78.20; though the medium-term trend is bearish, DXH2 may trade sideways between 79.80 and 78.20. The long-term trend is still bearish till the Dollar Index does not close...
The Euro fell on expectations of started today EU summit in Brussels.
EUR/USD fell during the session on Monday as the markets were in “risk off” mode again. The pair did find support at the recent 1.31 resistance level however, and this is a bullish sign now that the...
The Dollar Index tried to trade strong during the Asian session and the European session but continued last week’s fall after the Dow Industrials recovered from the lows during mid New York trade. It is trading near...
Market review for 23 – 27.01, 2012
The Dollar Index is trading near to the support of 78.20; though the medium-term trend is bearish, DXH2 may trade sideways between 79.80 and 78.20. The long-term trend is still bearish till the Dollar Index does not...
EUR/USD continued to rise during the Friday session as the shooting star from Thursday got violated. The 1.32 level has been breached, and the market looks very healthy at this point in time.
EURUSD’s bounce from 1.2624 extended to as high as 1.3233. Further rise is still possible next week, and next target would be at 1.3500 area. Key resistance is at 1.3700, as long as this level holds, the...