The USD traded flat against most of the majors, historic correlation between DJIA Vs DX suggests the major trend is still bearish in the Dollar Index though short covering can be expected; only weekly close above 76.70...
The EUR/USD has broken and closed above 1,4280 which validates a cup&handle pattern. But the pair is currently testing a strong descending trendline passing by 2 important lower tops in June and July.
EURUSD formed a cycle bottom at 1.3837 on daily chart. Further rise is still possible next week, and next target would be at 1.4600-1.4700 area. Support is at 1.4250, only break below this level will suggest that...
The USD depreciated for the second trading session against the Euro, the Cable and the Aussie Dollar whereas traded flat against the Japanese Yen and the Swiss Franc. It seems that the all the eyes are Euro...
European Summit expectations increase the demand for the high-risk assets.
As we expected, the pair has finally broken through the 1,43 resistance to establish above 1,44 in a sharp move. We now expect a test of 1,45 with a possible extension towards 1,46 (daily bollinger band).
The USD depreciated homogeneously against most of the majors, though it has traded flat against the Japanese Yen and the Aussie Dollar. It seems that the all the eyes are Euro Zone debt crisis and the US...
With the recent confirmed bounce on top of 1,40, the pair is in the process of building a nice cup&handle on the daily chart. 1,43 is the key level to watch.
EUR/USD had a very volatile day Tuesday, forming a massive doji as it was reported that the American government may be close to reaching a debt limit deal. The Euro itself has been mixed around the world...
The USD mixed wherein it has traded flat against the Euro and the Cable and lost ground against the Aussie Dollar where as the Swiss Franc posted gains against the Greenback. It seems that the all the...
