GBPJPY The GBPJPY continues to offer excellent trading opportunities within its well structured channels. Price has steadily risen in a price channel for the past month, offering several low risk trade entries. Traders should take note of...
EURUSD After a steep slide, the EURUSD starting recovering in the latter portion of last week, rising from 1.3450 to nearly 1.38. On the way down price broke through the 1.38 support level without much trouble, but...
We are about to experience less volatile and rather steady day on EURUSD chart. Euro didn’t react firmly on Saturday’s news stating that Ireland decided to take a financial aid, to support its banking system. Lack of...
Being supported by the lower border of the price channel on daily chart, EURUSD rebounded from 1.3448 level. Further rise could be seen next week and target would be at 1.3900-1.4000 area. On the downside, a breakdown...
The greenback reaches maximums against the euro and the yen. Asian and European trading sessions: Euro: The concerns over the possibility that Ireland would ask the European community for immediate financial help, continued to pressure the euro...
During the whole previous week the greenback showed considerable consolidation against the background of the weakening euro. For example, on Monday concerns over the budget deficit of Ireland pressured the euro. The additional negative influence came from...
ForexPros Daily Analysis November 15, 2010 1) Forex Trading Signal For EURUSD Forex Trend Analysis The overall trend for EURUSD this week is DOWN.
EURUSD broke below 1.3698 key support, suggesting that the uptrend from 1.2587 has completed at 1.4281 already. Now the fall from 1.4281 is treated as consolidation of longer term uptrend from 1.1876, range trading between 1.3400-1.4281 would...
European counties’ budget problems pressure the euro. Asian and European trading sessions Euro: Growing concerns over the European budget problems continued to pressure the euro. The EUR/USD pair decreased to $1,3850 mark. The rate managed to show...
Most of the previous week saw the high-risk assets’ growth and the greenback was demonstrating a decreasing dynamics. On Monday the EUR/USD rate showed maximums around the $1.4010 mark, and fell to $1.3950.
