EUR/USD The range continues. Resistance is at 1.4300 and 1.4335-1.4350. There is little resistance beyond that and rates could surge if that level is surpassed. Support is at 1.4220, 1.4200, 1.4175, 1.4120 and 1.4100. Support is likely...
The rally in global stock markets has led to a sell-off of the safe haven currencies and pushed investors to higher riskier assets as many see the global recession coming to an end. The encouraging global economic...
The USD is set for another volatile action-packed trading day as this weeks’ trading comes to a close. The Dollar saw sharp moves against the EUR, GBP and JPY yesterday. This type of behavior is set to...
Witnessing a steady decline during yesterday’s trading sessions, the USD became weakened as traders unwound their Dollar buy positions in exchange for riskier assets, such as stocks. The global stock market rally seen yesterday may have been...
EUR/USD The pair continues to range (so far) within in a 120 pip range over the last couple of days. A breakout will eventually occur, with the bias being higher overall. Resistance is at 1.4260 with a...
EUR/USD Uptrend Remains: After chopping trading yesterday the pair is still holding above some important support levels which indicates the pair is likely to continue higher. Support is at 1.4160, 1.4140 and beyond that 1.4100. A break...
The U.S Dollar rose against most other major currencies Tuesday, as comments by Ben Bernanke eased concerns that policy-makers won’t act decisively to head off inflation spawned by efforts to counter the credit crisis. The Federal Reserve...
EUR/USD The pair managed to break above 1.4200 yesterday. This sets up for a likely test of the May high at 1.4340 (not necessarily today). 1.4240-1.4250 is a resistance area as well as 1.4270. Support is at...
Yesterday’s rally on Wall Street, which led to a devaluation of the major safe-haven currencies such as the USD, was led by a decision from CIT, a large financial firm, in favor of a $3 billion bankruptcy...
EUR/USD The pair pushed above 1.4160 to 1.4180 but has retreated for the time being. A rise above 1.4180 would target 1.4200 a major resistance level. A break of that resistance level would target May highs at...
