EURUSD Analysis – December 11, 2010
EURUSD is forming a cycle bottom at 1.2969 level on 4-hour chart, consolidation of downtrend is expected to continue and range trading between 1.2969 and 1.3600 would likely be seen in a couple of weeks.
Tag: EURUSD
Forex-Metal Daily Analysis – 09/12/2010
Tax benefits program supports the greenback. Asian and European trading sessions: Euro: The EUR/USD pair decreased to the level of $1,3190 during the morning trading. The euro drop was limited, since the Ireland budget has been accepted...
Highlight of the day – Initial Claims by FxArsenal.com
Quite a slow day for main pair is to experience. None of considerable Euro zone economic indicators will be issued today. Solely one significant data release coming from U.S. economy is planned on today session.
Forexpros.com Daily Analysis – 08/12/2010
ForexPros Daily Analysis December 08, 2010 The EURUSD pair has hit a major support at 1.31948 and has moved back up. However, from my previous analysis of this pair, it has broken down the major support on...
Put on your Shorts
EURUSD The Euro has now pulled back to the 100 period EMA, and is stalled in the key resistance area between 1.33 amd 1.3450 (first established back in September). The 50 EMA remains below the 100 EMA,...
Forex-Metal Daily Analysis – 07/12/10
High-risk currencies start the week with a negative trend. Asian and European trading sessions: Euro: On Monday the euro dropped against all counterparts. Market tension over the today’s EC meeting in Brussels pressured the euro. The Financial...
A Long-term view
EURUSD The decline of the Euro is not a new event. A look at the weekly charts shows us a consistent decline from mid 2008, with prices managing new lows, and weaker highs on each major move....
Forex-Metal Market review for 29.11 – 03.12.2010
The previous week was marked by the greenback new 2-months maximum. And the week has already started with sharp drop of the euro. According to the released information, European officials offered Ireland an 85 billion euro bailout. The concerns...
A Return to Riskier Currencies
AUDUSD The Australian dollar bounced smartly on Friday, bringing levels up to a critical region. Prices stopped right at the 61.8% Fibonacci retracement which often provides significant resistance. The rally stopped just shy of the very strong...
EURUSD Analysis – December 4, 2010
EURUSD rebounded strongly from 1.2969, suggesting that a cycle bottom had been formed on daily chart. However, the bounce is likely consolidation of downtrend from 1.4281. Range trading between 1.2969 and 1.3550 is expected in a couple...