Technical Analysis - EUR/USD's sharp fall and break of 1.4344 support last week argues that rebound from 1.3969 might have completed at 1.4695 already. Initial bias is on the downside this week for 1.3969 first. Break will confirm that whole correction from 1.4938 has resumed and should target 100% projection of 1.4938 to 1.3969 from 1.4695 at 1.3726 next. On the upside, above 1.4477 minor resist
Forex news, The US dollar is extending gains against its European peers during the American morning screen stocks further products trading sharply inferior. The Euro remains under pressure amid continuing Greek woes despite ECB hawkish comments while the Pound weakened after a sharp pounce string UK industrial produce.
Forex news, EUR/USD has failed to gain ground in Asia after retreating quite sharply from 1.4545 to presently stay shlep below 1.4500 handle. According to Carol Harmer, Founder at Charmer Charts: "Euros look unbefitting pressure since with the med transmit charts turning bearish, so we survey to sell rallies early esteem the date back towards 1.4555.
EUR to USD Technical Analysis - After Trichet's hawkish signal for a July hike, the market sold the fact and the EUR/USD is now down about 250 pips from 1.47 to 1.4450. The correction has retraced 61.8% of the rally from 1.43 to 1.47. Also notice the 5-wave decline that looks like an impulse wave. If we get a rally from this 1.4450 area, we should expect another bearish attempt to follow...
Technical Analysis - EUR/USD as of Friday has continued its bearish stance of the last two days after attempting but failing to break 1.4700 to the upside earlier in the week. This continued bearishness now constitutes a bonafide breakdown of the steep uptrend that has been in place since late May. A key downside support target on this breakdown resides around the 1.4250 price region, which is no
Forex news, The hegemonic currency continues to trade near prosaic lows against the Greenback as weakening stocks along with softer oil prices are adding to the stake aversion environment. EUR/USD recently attempted to split under its previous woebegone at 1.4568, falling marginally to 1.4567, although the assistance hangout has proved to be spirited enough to bear the downside so far.
Forex news, Slowly recovering some of the ground lost on Wednesday, the EUR/USD has struggled to relate 1.4600, hereafter a grassy burst to the upside sent remuneration back up to session highs at 1.4605 whereas. Sovereign debt jitters along with risk aversion dominated the bearish market mettle yesterday, locality price retreated from highs at 1.4795.
Forex Forecast - Sell at 1.4550, Target: 1.4450, Stop: 1.4585
Although the single currency has fallen again meeting renewed selling at 1.4552 today and the decline from 1.4696 top may bring stronger retracement of recent upmove to 1.4451-56 (previous support and 61.8% Fibonacci retracement of 1.4308-1.4696) but near term oversold condition should limit downside to 1.4400/10 and risk has increa
Forex - Two major psychological levels are in play. The EUR/USD continues its climb through 1.4600 looking for buying support above the level while the U.S. Dollar Index sinks as 74.00 gives way. Neither break has triggered an acceleration through the key levels which is an indication that the sentiment has strengthened.
The hesitation for the EUR/USD buying momentum north of 1.4600 comes from
Forex - Cable was unable to maintain earlier bullish momentum which brought it to a 6-day high of 1.6472 in morning trade over Europe, and has since dropped back down towards the 1.6400 technical barrier where it appears to be running into modest support at time of writing.
Valeria Bednarik of the Fxstreet technical analysis team reminds: “the pair is still capped below yesterday’s highs and t
Forex news, Euro soared bygone Friday on exorbitantly disappointing US employment data, whereas the scepter owing to struggles to introduce even 50K new jobs; the unemployment standard also jumped send leading towards 9.1%, demonstrating QE2 has been a finish fiasco as supplementary loosening policies turn out near.
Forex news,The interbank hawk is eyeing substantial stops in the EUR/USD above 1.4665 which are and so far being unharmed by some solid offers just lead off of there. Topside stops are also being reported in EUR/JPY, EUR/GBP and EUR/CAD whence if the market does take off to the topside, it might get a bit ugly again.
Forex news, GBP/USD opened the Asian line at 1.6413, advanced suspicion the 1.6460 zone where de facto met with resistance and is owing to pulling channel from these highs amidst low levels of liquidity.
Daily Technical Analysis of USD/JPY for 06/June/2011. Forex Technical Analysis will help you to get more understanding regarding your trading strategy. Market runs on Technical and Fundamental Analysis.
Daily Technical Analysis of AUD/USD for 06/June/2011. Forex Technical Analysis will help you to get more understanding regarding your trading strategy. Market runs on Technical and Fundamental Analysis.
