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...
EURUSDThe pair is moving within a sideways range between 1.3420 and 1.3500, where Stochastic neared oversold areas; thus, we expect to continue the bullish intraday trend that requires the breach of 1.3500 to pave the way towards the...
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...
ForexPros Daily Analysis September 27, 2010 Euro Dollar The Euro topped at a 5-month high on Friday, hitting a high of 1.3497, just pips before the important Fibonacci level for the medium term. Last week, we had...
EURUSDThe pair continued its bullish movement breaching the neckline for the bullish technical pattern at 1.3330, where this breach encourages us to expect a bullish trend in overall trading for this week.
EURUSD broke above 1.3333 resistance and reached as high as 1.3495 level, suggesting that the uptrend from 1.1876 has resumed. Bullish movement is expected to continue next week and next target would be at 1.3700-1.3800 area. Support...
ForexPros Daily Analysis September 23, 2010 Euro Dollar The Euro broke the resistance specified in yesterday’s reports 1.3332, and reached our suggested target of 1.3414 with complete success. This pair had broken an important resistance at 1.3118...
The greenback still stays under pressure. Asian and European trading sessions: Euro: The euro received some support in the threshold on the state bond auction in Portugal, which was expected to show good results, following Spain and...
Investors’ optimism growing on Tuesday. Asian and European trading sessions: Euro: The EUR/USD pair managed to reach maximums at the $1,3145 level. Positive results of the bond auction in Spain and Ireland supported the euro. Investors’ optimism...
ForexPros Daily Analysis September 22, 2010 Euro Dollar The Euro broke the resistance specified in yesterday’s reports 1.3118, after two days of trying, and successfully reached both targets 1.3194 & 1.3306 with accuracy as well (the high...
