According to wave count this currency pair is developing corrective wave to the upmove 0.9462-0.9749. In caset 0.9749 is broken to the upside we’ll have wave C of the same degree developing (daily – colored royal blue)....
Risk appetites are back. Asian and European trading sessions: Euro: On Tuesday the EUR/USD rate managed to grow and reach its trading session maximums at the level of $1.3792. The release of the strong European statistics supported...
The euro stepped back from the reached maximums against the greenback. Asian and European trading sessions: Euro: The euro was under pressure during the morning trading, due to the negative influence from the European banking sector. Therefore,...
The beginning of the previous trading week saw the euro still holding its maximum levels against the greenback, but the released data could not allow the euro grow higher. In particular, the rating agency Moody’s reduced the...
AUDUSD’s rise from 0.8771 extends to as high as 0.9749. Supports are at 0.9620 and 0.9550, as long as these levels hold, uptrend could be expected to continue and next target is at 0.9849 (2008 high).
The greenback drops against the major currencies. Asian and European trading sessions: Euro: The EUR/USD pair traded in the range of $1,3565-$1,3600. Market participants are waiting for the release of the German unemployment change data tomorrow. The...
The general weakening of the greenback continued as the negative US data was released. Asian and European trading sessions: Euro: During the morning trading the euro continued to be around its 5-months maximum against the greenback. But...
Concerns over European banking sector pressured the euro. Asian and European trading sessions: Euro: Monday saw the EUR/USD trading in a tight range of $1.3425-$1.3500. The euro was still holding its maximum levels against the greenback, but...
During the previous trading week the greenback demonstrated weakness before the release of the FOMC meeting, as well, as after it. The greenback rate showed decrease as the expectations for the FOMC meeting expressed possibility of the...
AUDUSD’s upward movement extended to as high as 0.9613 level. Now the pair is facing the upper boundary of the price channel on 4-hour chart, consolidation of uptrend would more likely be seen. Support is at 0.9460,...
