EUR/USD Technical Analysis for the Week of August 8, 2011
The EUR/USD had a fairly wild week as traders sold off, and then bought the Euro as the situation in the EU plays out. The pair does however look a bit like a flag, and as such...
Tag: EURUSD
EUR/USD Technical Analysis August 8, 2011
The EUR/USD pair rose on Friday as traders dumped the USD around the markets. The pair stopped short of the 1.4350 area. The pair has been very volatile, and as such hasn’t been one of our favorite...
EURUSD Analysis – August 6, 2011
EURUSD formed a cycle top at 1.4535 on daily chart. Deeper decline towards the lower border of the channel is expected in a couple of weeks. Key resistance is now at 1.4535, only break above this level...
5th August, 2011 – Daily Forex Report by GFM Research
The US Dollar traded mixed amidst huge sell in most of the asset classes; after the intervention in the Swiss Franc, BoJ has intervened to weaken the Japanese Yen. The Dollar Index again took support in the...
EUR/USD Technical Analysis for August 5, 2011
The EUR/USD pair fell on Thursday as the trading community ran for the hills. The ECB basically said nothing at its conference call on Thursday, and that spooked the markets.
EUR/USD Analysis (August 5)
The pair has confirmed some bearish pressure yesterday after the statement from ECB President Trichet. We did see a break below 1,4140 (friday low) which now exposes key 1,40 support with a possible extension towards 1,3940 (daily...
4th August, 2011 – Daily Forex Report by GFM Research
The US Dollar traded mixed wherein it has depreciated against the Euro and the Cable but has appreciated against the Swiss Franc, the Aussie Dollar and the Japanese Yen. Fierce intervention was seen by the BoJ to...
EUR/USD Analysis (August 4)
The pair remains unders pressure since it has rolled-over ahead of its long term descending trendline started in May.
3rd August, 2011 – Daily Forex Report by GFM Research
Last minute deal has been struck to increase the US borrowings by President Obama, but the street seems to be more concerned about the weakening of the US economy which resulted in sell off for the straight...
EUR/USD Analysis (August 3)
The market is still carving out a new lower top on the daily chart which might lead the EUR/USD toward the key support at 1,40 coinciding with the 20 moving average.