Crude respected the suggested scenario yesterday; acquiring targeting with the breach of the resistance for the downside channel, affected by the bullish pattern explained yesterday, which still has upside targets to be reached.
EURUSD The pair rushed to the upside breaching 1.1990, trading in the channel shown above, and also extending the upside move towards 61.8% at 1.2150, which meets the resistance for the downside channel.
EUR/USD Open 1.1989 High 1.2071 Low 1.1926 Close 1.1980On Wednesday Euro/Dollar traded rose sharply as expected. The European currency appreciated from 1.1926 to 1.2071 yesterday, in converse with the Interbank sentiment projection, at around -16%, closing the...
Market Review – 09/06/2010 21:25 GMTEuro pares early gains after U.S. stocks retreatAlthough the single currency moved narrowly in Asia, euro rose sharply in Europe on short-covering after triggering stops above previous day’s high of 1.2010 and...
Crude succeeded in breaching the resistance at 72.45 and heading to the upside, according to the suggested morning scenario. From here, our expectations remain intact keeping in mind that resistance for the descending channel currently descended towards 73.55,...
EURUSD The pair neared the awaited retest level that has currently descended towards 1.1990, where our morning expectations remain intact; while keeping in mind that a four-hour closing above the mentioned level wil l trigger a bullish...
ForexPros Daily Analysis June 9, 2010 Fundamental Analysis: ECB Press Conference European traders await the ECB Press Conference on June 10. European Central Bank holds this monthly press conference about 45 minutes after the Minimum Bid Rate...
USD/JPY Open 91.48 High 91.88 Low 90.95 Close 91.33On Tuesday Dollar/Yen made a slight decline, in line with the Interbank sentiment at around -57%. The currency couple depreciated from 91.88 to 90.95 yesterday, closing the day at...
The pair recently retested the breached neckline for a bearish pattern explained in previous reports provided on the daily chart above. After the retest, the pair declined as expected though currently reached the 38.2% correction for the...
The currency and equity markets traded in rather consolidated fashion on Tuesday. Market participants continue to exhibit nervousness and there has been little in the way of economic data so far this week in order to push...
