Euro though settled marginally higher at 1.3903 against previous close of 1.3895 but under tone is likely to remain weak in near-term unless closes above 1.3990 on daily charts. Aussie Dollar, if close below 1.0027 on daily...
Hello. Let’s take a look at the GBP/USD hourly chart. We see the currency pair coming down to a pretty strong trend line. Look for the pair to potentially continue down to test the trend line (1.6100...
Concerns over the deteriorating debt crises in Euro-zone pressure the euro.
EURUSD settled lower at 1.3895 on profit booking at higher level. On daily closing below 1.3900, it can be seen testing 1.3711 in near-term. USDCHF rose after breaking key resistance of 0.9335 and may test 0.9521 in...
EURUSD though lost some shine yesterday in range bound market but likely to maintain momentum on upside unless it closes below 1.3900 on daily charts. Cable faced resistance at 1.6343 against Greenback and settled 146 pips lower...
Market review for 28.02 – 04.03, 2011
Euro gained almost 1.75 percent against dollar last week. Immediate support and resistance of EURUSD are 1.3910 and 1.4015 respectively. DJ closed lower at 12169.88 on Friday against previous close of 12258.20. Dow showed crisscross well in...
GBPUSD broke above 1.6298 resistance, suggesting that the uptrend from 1.5344 has resumed. Further rise is still possible in a couple of weeks, and next target would be at 1.6600 area. Near term support is at the...
EURUSD rose sharply yesterday on Interest rate hike decision by ECB during its April, 2011 meet. Common Currency is hovering near key resistance of 1.3955; strong vigilance is needed at this level as any negative news may...
ECB rate increase speculations pushed euro to maximums. Asian and European trading sessions:
