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...
The greenback still stays under pressure. Asian and European trading sessions: Euro: The euro received some support in the threshold on the state bond auction in Portugal, which was expected to show good results, following Spain and...
Investors’ optimism growing on Tuesday. Asian and European trading sessions: Euro: The EUR/USD pair managed to reach maximums at the $1,3145 level. Positive results of the bond auction in Spain and Ireland supported the euro. Investors’ optimism...
The drop of the greenback in the threshold of the FOMC meeting. Asian and European trading sessions: Euro: The EUR/USD pair strengthened above the $1,3100 mark. US Dollar: The greenback showed weakness as the expectations for the...
EURUSDThe pair stabilized above 61.8% Fibonacci to descend from 1.3332 to 1.2585, in addition to the bullish technical pattern continuing its affect by completing its formation last week at 1.2915.
GBPUSD formed a cycle bottom at 1.5296 level on daily chart. Further rise towards 1.5997 is expected next week. However, the bounce from 1.5296 is more likely correction of downtrend from 1.5997, as long as 1.5997 key...
EURUSDThe pair stabilized above 1.3045 and thereby insuring yesterday’s suggested bullish trend’s continuation. Some negativity is appearing through momentum indicators which could cause some fluctuation and retest of the mentioned level before continuing the expected bullish trend today,...
EURUSDThe pair is trading between 61.8% and 50% correction, where Stochastic is heading to the downside as the pair is attempting to retest the level mentioned yesterday at 1.2915. From here, yesterday’s suggested scenario remains intact and we...
