With a break above 1,06 last friday, the pair has shown renewed strengh and confirmed a possible bullish resumption.
The pair has been under pressure lately which confirms a period of consolidation after a sharp rally towards parity.
Last friday, we did see the pair confirming its bullish bias with a sharp acceleration above the 0,80 resistance.
We have seen the pair confirming a possible material base on top of its historical low (76,00) but the structure remains relatively weak.
The pressure remains on the upside since the pair bounced on an ascending channel near the 1,62 level.
Considering a return of the risk appetite on the market, we continue to watch a possible development to the upside on the Euro after a confirmation of the break above 1,45.
Liquidity will likely be higher in today’s early trading as several events are being published in rapid succession from Britain, Canada and the US. American liquidity will be heightened, and Canada will contribute to today’s movements with...
Update Time: 29 Aug 2011 17:20GMT DAILY EUR/JPY CROSS OUTLOOK – +111.55+ Euro’s intra-day breach of last wk’s 111.64 topsignals the rise fm this month’s low at 108.01 toretrace MT decline has resumed n further gain to112.00/10...
Market Review – 29/08/2011 21:58 GMT Dollar rises versus yen and franc on risk appetite The greenback strengthened against the Japanese yen and the Swiss franc Monday due to rally of U.S. and European stock markets as...
In this article we will talk about what we should trade and how we should do it. What financial products are more convenient for trading? Why do some traders prefer the futures version of S&P 500 and...