EURUSDThe pair is finding difficulty in surpassing 1.3680 yet still within the minor ascending channel above. We expect the intraday upside wave to continue today targeting the main resistance for the bullish channel at 1.3810. Breaching areas...
The greenback drops against the major currencies. Asian and European trading sessions: Euro: The EUR/USD pair traded in the range of $1,3565-$1,3600. Market participants are waiting for the release of the German unemployment change data tomorrow. The...
EURUSDThe pair yesterday continued fluctuating above 1.3600, although negative signs are appearing on momentum indicators. A rising wedge pattern has a ppeared with a broken support level. This points out that some minor bearish movement is required to retest 1.3500 before continuing the expected...
The general weakening of the greenback continued as the negative US data was released. Asian and European trading sessions: Euro: During the morning trading the euro continued to be around its 5-months maximum against the greenback. But...
EURUSDThe pair inclined strongly, breaching 1.3500 to activate yesterday’s scenario and now the overbought signs are appearing on momentum indicators. We expect a retest of the breached level before resuming the expected bullish intraday trend. The technical targets start at 1.3700...
Concerns over European banking sector pressured the euro. Asian and European trading sessions: Euro: Monday saw the EUR/USD trading in a tight range of $1.3425-$1.3500. The euro was still holding its maximum levels against the greenback, but...
EURUSDThe pair is moving within a sideways range between 1.3420 and 1.3500, where Stochastic neared oversold areas; thus, we expect to continue the bullish intraday trend that requires the breach of 1.3500 to pave the way towards the...
During the previous trading week the greenback demonstrated weakness before the release of the FOMC meeting, as well, as after it. The greenback rate showed decrease as the expectations for the FOMC meeting expressed possibility of the...
EURUSDThe pair continued its bullish movement breaching the neckline for the bullish technical pattern at 1.3330, where this breach encourages us to expect a bullish trend in overall trading for this week.
GBPUSD’s bounce from 1.5296 extended to as high as 1.5842. Further rise to test 1.5997 previous high resistance is possible next week, a break above this level will signal resumption of uptrend from 1.4230, then another rise...
