With a weekly close below key 1,40 support and July low (1,3835), the pair has confirmed a major trend reversal in 2011.
The EUR/USD pair finally came undone during the Friday session, and we have had a major breaking of support as a result. The pair smashed through the last of the support that it had, and as a...
EURUSD broke below 1.3837 support and reached as low as 1.3627, suggesting that the downtrend from 1.4939 has resumed. Further fall could be expected in a couple of weeks, and next target would be at 1.3300 area....
Greetings. Let’s take a look at the EUR/USD daily chart. It looks like we’re in an elongated contracting triangle so look for the pair to potentially continue down to test the 1.3600 level and below. We may...
The US Dollar stepped back against the background of an increase in the stock
The pair remains under pressure ahead of the important ECB rate decision (11:45 GMT) and M. Trichet statement (12:30 GMT).
The EUR/USD found support at the 1.40 area on Wednesday as the German high courts ruled that it was in fact legal for the German government to help bailout the Greek government. However, the ruling also stated...
Franc dropped after the announcement of the National bank of Switzerland.
The EUR/USD pair shot straight up in the early hours of Tuesday in response to the massive 1,000 pip move in the EUR/CHF pair, but quickly faded from that move to an absolute freefall later in the...
US dollar strengthens.