Category: Daily Forex Reports

EURO/DOLLAR A rather tight range yesterday.  A break above the 1.4190 indicates a short term break of the range and a target of 1.4220.  The target beyond is 1.4320 if the pair continues to push higher. A...

EUR/USD – Continued EUR Weakness? The EUR lost more ground yesterday dropping below support at 1.4160. That level has now become upside resistance. A drop below the recent swing lows just above 1.4100 indicates another swing lower...

The movements we saw during Friday’s trading session may have been exaggerated and may be reversed. Today is a quiet news day for the U.S. as there are no major economic data releases on the calendar today....

EUR/USD Charts are setting up for a continuation of Friday’s fall. A drop below 1.4145 will confirm. First target is 1.4100 (also support). Further support is lower at 1.4180-1.4160, and a target beyond at 1.4000. A move...

The U.S. Dollar is expected to go extremely volatile today on the release of the ever so important U.S. Non-Farm Employment Change at 12:30 GMT. The other releases that are expected to drive trading between the USD...

EUR/USD – Consolidation for Breakout? The pair continues to range after strong moves a few days ago. A break above 1.4460 indicates another swing higher with a target of 1.4550.  Beyond this is 1.4600 – a daily...

The Bank of England (BOE) and the European Central Bank (ECB) are set to release their policy statements regarding short-term interest rates at 11:00 and 11:45 GMT respectively today. These announcements always generate heavy market volatility and...

EUR/USD – Consolidation for Breakout? The pair is consolidating in a relatively tight range after strong moves over the last several days. The bias for the breakout is higher, with a break above 1.4450 indicating another swing...

With a chain of bearish trading sessions, the US Dollar has been bouncing the forex market up and down lately. With increased risk appetite and growing market optimism, market conditions are allowing traders to pull away from...

The Dollar fell to its lowest levels this year on Monday after the Institute for Supply Management’s index on U.S. manufacturing improved more than expected in July. Along with some better earnings reports from foreign banks, the...