Major Currencies’ weekly Report 21/ June /2010
EURUSDThe pair continued the bullish wave, shown in the previous weekly report nearing from resistance for the main descending channel that meets with 38.2% Fibonacci correction at 1.2565.
Tag: EURUSD
EUR/USD 1.2419 – 21 June 2010
EUR/USD Open 1.2407 High 1.2460 Low 1.2245 Close 1.2382On Friday Euro/Dollar traded hesitantly and with partial downward correction. The European currency depreciated from 1.2413 to 1.2357 on Friday, in line with the Interbank sentiment projection, at around...
EURUSD Analysis – June 19, 2010
EURUSD broke above the price channel on daily chart. Further rise to test 1.2671 key resistance is expected. A break above this level will indicate that the downtrend from 1.5144 has completed at 1.1876 already, then next...
Major Currencies’ Midday Report 18/ June /2010
EURUSD The pair touched the support for the mentioned ascending channel at 1.2360, as we await a bullish rebound to the upside as our expectations remain intact unless a base is established below 1.2325.
Major Currencies’ Morning Report 18/ June /2010
EURUSD The pair continues its upside push within the ascending channel shown in our previous reports, due to the effect of yesterday’s breached bullish technical pattern at 1.2325. Momentum indicators are showing some negativity that may cause...
EUR/USD 1.2396 – 18 June 2010
EUR/USD Open 1.2383 High 1.2414 Low 1.2245 Close 1.2386On Thursday Euro/Dollar rose sharply after partial adjustment. The European appreciated from 1.2245 to 1.2404 yesterday, in converse with the Interbank sentiment projection, at nearly -1%, closing the day...
Major Currencies’ Midday Report 17/ June /2010
EURUSD The pair rushed to the upside to return within the ascending channel shown above, while at the same time activating the bullish technical pattern after breaching the neckline at 1.2325. From here, we expect a bullish...
Daily Forex Analysis by Finexo.com 17/06/2010
Today is expected to be a very busy say, as many key numbers and events are scheduled to be released. The Swiss central bank is expected to keep its benchmark interest at 0.25%; however, SNB rhetoric on...
Major Currencies’ Morning Report 17/ June /2010
EURUSDThe negative pressure on the pair has caused a direct negative impact on momentum indicators as the pair descends towards support for the minor upside channel, shown below in the four hour chart.
EUR/USD 1.2264 – 17 June 2010
EUR/USD Open 1.2311 High 1.2349 Low 1.2263 Close 1.2309On Wednesday Euro/Dollar traded hesitantly and within a narrow range. The European was moving within less that 100 pips range 1.2263 – 1.2349 yesterday, in line with the Interbank...