Forexpros Daily Analysis Sep 21, 2009
Euro Dollar The Euro is approaching at this very moment the bottom of the rising channel on the hourly chart, and in the same area we noticed an intraday support that has shown itself several times lately,...
Author: forexpros.com
Forexpros Daily Analysis Sep 16, 2009
Euro Dollar Reaching the top of the channel at 1.4684, but not breaking it, the Euro is still inside the suggested area for a top. The top of the channel is slowly approaching 1.47, more accurately it...
Forexpros Daily Analysis Sep 14, 2009
Euro Dollar As we have expected, the rise stopped between 1.4620 & 1.4667, and from there we have seen a correction that reached 1.4515 until this very moment. We still believe that this correction is targeting 1.4459...
Forexpros Daily Analysis Sep 10, 2009
Euro Dollar The rise that we expect to be in a 5-wave mode, is still developing nicely, reaching 1.46 for the first time this year. We still believe it has enough strength to reach the top of...
Forexpros Daily Analysis Sep 9, 2009
Euro Dollar Break Major Resistance The 1.4440-1.4450 was broken yesterday as rates pushed above 1.4500. A successful hold above and/or re-test of the 1.4440 level would confirm another swing higher. This is in alignment with the longer...
Forexpros Daily Analysis Sep 8, 2009
Euro Dollar The Euro has broken the falling trendline from Aug 27th high, and stayed above it the whole time. That is why, there is still a big probability to surpass 1.4405 and head towards areas above...
Forexpros Daily Analysis Sep 7, 2009
Euro Dollar The Euro is trying at this very moment to break the falling trendline from Aug 27th high, which is a trendline that frustrated the Euro on several occasions recently. If it succeeds, there will be...
Forexpros Daily Analysis Sep 3, 2009
Euro Dollar The Euro survived the test of short-term Fibonacci support, and as we have expected, started a correction move up, without breaking 1.4300, and stopped just 8 pips below what we have called "the most important...
Forexpros Daily Analysis Sep 2, 2009
Euro Dollar The Euro dropped from 1.4376 until it reached and tested Fibonacci 61.8% support for the whole move from 1.4045 to 1.4405. The above mentioned Fibonacci support at 1.4183 will be the most important for the...
Forexpros Daily Analysis Sep 1, 2009
Euro Dollar Current movement is maintained within the larger range. A rise above 1.4370 will target 1.4400. A move above could reach 1.4540, but resistance is likely 1.4440-1.4450. Support is above 1.4300 with a break below likely...