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...
The market has been consolidating since the breakout of the daily triangle from last week. The outlook remains unclear given the macro-economics themes with market participants waiting for a significant catalyst to define their trading strategy.
Concerns and expectations for the European Summit. Asian and European trading session: Euro: Euro started the week by showing losses against major currencies on concerns about the fact that European leaders were unable to agree on measures...
