The euro has reached the level of 1.2890 amid the forecast by me positive report on non-farm payrolls in the USA. Today hardly any changes should be expected, as it is a bank’s holiday in the USA.
Crude continues trading below support for the previously breached bullish channel, although the MA 50 maintains its stance as a support barrier that impedes achieving more bearish movement.
EURUSDhe pair achieved that awaited primary targets around 1.2900 after insuring the bullish technical pattern shown previously, while momentum indicators have entered overbought areas; where we expect some fluctuation and a slant towards some minor bearish correction...
EURUSD: The EUR closed on Friday exactly at near term Resistance, at 1.2894. Obviously a close higher would provide added support to this EUR rally. The EUR has also closed up four consecutive sessions, something it failed...
The US Non-Farm Payrolls wasted no time bringing the greenback down on Friday. The EUR/USD pair, which seemed very steady around the 1.2800 level before the report, promptly jumped due to the better-than-expected figures, and is currently...
The week will start on a quiet note because of the Labor Day holiday in the States. Before going into the weekend mixed data surrounded investors once again and gave both bulls and bears more reasons to...
Market Review – 03/09/2010 21:50 GMTDollar falls broadly as better-than-expected U.S. jobs data boosts risk appetite The greenback dropped against most major currencies on Friday as better-than-expected U.S. non-farm payrolls eased recent worries on U.S. economic recovery...
USDCAD is facing the support of the rising trend line from 1.0107 to 1.0247, a clear break below the trend line support will indicate that a cycle top has been formed at 1.0672 on daily chart, and...
USDCHF remains in downtrend from 1.1730 and the bounce from 1.0064 is treated as consolidation of downtrend. Resistance is at 1.0300, as long as this level holds, downtrend is expected to continue and next target would be...
USDJPY is forming a cycle bottom at 83.62 level on daily chart. Range trading between 83.62 and 85.90 would more likely be seen in next several days. As long as 85.90 resistance holds, downtrend from 92.88 is...
