Compared with last week’s action-packed schedule, which included unexpected news of the Chinese Yuan’s move to flexibility, a dramatic UK Budget Release, and a rather dovish U.S Fed Statement, this week has started off on a relatively...
EURUSD The pair continues to trade within the main bearish channel nearing resistance is currently around 1.2470. This level is vital since its neckline for the bullish technical pattern is close to being completed.
EUR/USD Open 1.2378 High 1.2396 Low 1.2267 Close 1.2364After partial downward correction, as expected, on Friday Euro/Dollar recorded insignificant further recovering. The European currency first dropped to 1.2267, from where it appreciated up to 1.2388 on Friday,...
EURUSD’s bounce from 1.1876 extended to as high as 1.2466. Another rise towards 1.2671 key resistance is expected after a minor consolidation, a break above this level will indicate that the long term downtrend from 1.5144 has...
EURUSD The negative pressure has returned on the pair once again within yesterday’s broken descending channel, as it neared pivotal support 1.2240. Stochastic is still showing positive signs that will maintain chances of achieving morning expectations, if we...
EURUSDThe pair inclined sharply, breaching the pivotal resistance of 1.2330 but couldn’t stabilize above it fro long time. The resistance line of the major descending channel is currently valued at 1.2435 represent the technical objective of the...
EUR/USD Open 1.2318 High 1.2379 Low 1.2261 Close 1.2331After partial downward correction, as expected, on Thursday Euro/Dollar recorded insignificant further recovering. The European currency first fropped to 1.2261, from where it appreciated 1.2379 yesterday, in line with...
EURUSD The pair has been moving to the downside since this morning due to the effect of the strength from the pivotal resistance at 1.2330 that is currently forming resistance for the bearish channel that seems to...
EURUSD The pair has attempted to breach pivotal support 1.2240, but was not able to build a base below it to push to the upside to achieve yesterday’s awaited targets flawlessly, as it currently stabilizes at the...
EUR/USD Open 1.2318 High 1.2351 Low 1.2214 Close 1.2309After partial downward correction, on Wednesday Euro/Dollar continued recovering. The European currency appreciated from 1.2214 to 1.2329 yesterday, in converse with the Interbank sentiment projection, at around -0.7%, closing...
