Forex Metal Weekly Newsletter
New wave of concerns over the possible debt crises of Italy and Ireland overwhelmed the market
Tag: EURUSD
18th July, 2011 – Daily Forex Report by GFM Research
The US Dollar traded mixed against most of the majors, wherein it continued appreciating against the Aussie Dollar and traded flat against other majors of the Euro, the Cable and the Japanese YenKey equity index, Dow Jones...
EUR/USD analysis (July 17)
After a significant breakout of a daily triangle, the pair has found some great support on top of the 1,39 level coinciding with the 200 moving average. We have then seen a pullback towards the former triangle...
EURUSD Analysis – July 17, 2011
EURUSD is forming a cycle bottom at 1.3837 on daily chart. Further rise would likely be seen in a couple of weeks, and the target would be at 1.4700-1.4750 area. Key support is now at 1.3837, only...
EUR/USD Technical Analysis for July 15, 2011
EUR/USD fell on Thursday, retesting the 1.4250 minor support area. With the European bank stress tests coming out today, this pair will certainly be very volatile. The fact that the results come out in the middle of...
EUR/USD analysis (July 15, 2011)
The pair did stall out yesterday ahead of 1,43 which offers a great resistance. This level is at a confluence of several moving averages (20, 50 and 100). Besides, the pair has also validated a pullback towards...
15th July, 2011 – Daily Forex Report by GFM Research
The Greenback traded flat after it has depreciated heavily on Wednesday, the 13th on the back of widened trade deficit. Key equity index, Dow Jones Industrials (DJIA) is expected to find resistance in the zone of 12700-12800...
EUR/USD analysis (July 14, 2011)
As expected, we did see the pair confirming its bounce on top of the 200 moving average after a new low at 1,3830. The daily chart is showing a nice morning star formation which might suggest a...
14th July, 2011 – Daily Forex Report by GFM Research
The US Dollar tumbles after the trade deficit widens by more than $6B. The USD appreciated homogeneously against all the FX majors.Key equity index, Dow Jones Industrials (DJIA) is expected to find resistance in the zone of...
EUR/USD Technical Analysis for July 14, 2011
The EUR/USD pair rose on Wednesday as the Fed Chairman, Ben Bernanke, testified before the US Congress and stated that QE3 wasn’t ruled out. In fact, most traders seem to think this was a laying of groundwork...