GBPUSD is facing 1.5781 key support, a breakdown below this level will indicate that the long term uptrend from 1.4230 (2010 low) had completed at 1.6745 already, then the following downward move could bring price to 1.4500...
EURUSD broke below 1.3837 support and reached as low as 1.3627, suggesting that the downtrend from 1.4939 has resumed. Further fall could be expected in a couple of weeks, and next target would be at 1.3300 area....
The euro was indeed seen dropping against the USD following the European Central Bank’s (ECB) latest announcement regarding interest rates, known as the Minimum Bid Rate.
The AUD/USD pair fell a bit on Thursday, but stayed above the 1.05 support level. As long as this pair does, it cannot be sold, and should be expected to stay somewhat afloat.
The EUR/USD pair fell hard on Thursday as ECB Chairman Trichet did his best to talk down expectations in the EU. The pair is now significantly below the 1.40 mark, and as such looks very, very weak.
The GBP/USD pair rose on Thursday after the Bank of England had no mention of any new quantitative easing, pushing the value of the Pound upward. However, as the day wore on, it started to focus on...
The USD/CAD pair rose on Thursday again, but still remains in the consolidation area that we have been stuck in for a few weeks now. The pair is held hostage by the oil markets, which naturally pullback...
The USD/CHF pair continues to rise in value as the Swiss have made is absolutely certain that they are willing to print as many Francs as it takes to reverse the strength of the currency. The world...
The USD/JPY pair fell a bit on Thursday, but managed to bounce off of the 77 level for the second day in a row.
Greetings. Let’s take a look at the EUR/USD daily chart. It looks like we’re in an elongated contracting triangle so look for the pair to potentially continue down to test the 1.3600 level and below. We may...
