The drop of the greenback in the threshold of the FOMC meeting. Asian and European trading sessions: Euro: The EUR/USD pair strengthened above the $1,3100 mark. US Dollar: The greenback showed weakness as the expectations for the...
AUDUSD: The AUD has taken out major Resistance that had been in place since October of 2009 and with one point extending as far back as October 2007. This level of Resistance stood between .9350 and .9400....
EURUSDThe pair stabilized above 61.8% Fibonacci to descend from 1.3332 to 1.2585, in addition to the bullish technical pattern continuing its affect by completing its formation last week at 1.2915.
EURUSD formed a cycle bottom at 1.2587 level on daily chart and the bounce extended to as high as 1.3158. Further rise towards 1.3333 previous high is still possible next week. However, the bounce from 1.2587 is...
EURUSDThe pair stabilized above 1.3045 and thereby insuring yesterday’s suggested bullish trend’s continuation. Some negativity is appearing through momentum indicators which could cause some fluctuation and retest of the mentioned level before continuing the expected bullish trend today,...
EURUSDThe pair is trading between 61.8% and 50% correction, where Stochastic is heading to the downside as the pair is attempting to retest the level mentioned yesterday at 1.2915. From here, yesterday’s suggested scenario remains intact and we...
ForexPros Daily Analysis September 15, 2010 Euro Dollar The Euro jumped strongly yesterday, even though it initially broke the support specified in yesterday’s report. We broke the important level specified in yesterday’s report 1.2920, and successfully reached...
EURUSDThe pair was able to achieve the awaited breakout yesterday strongly as it closely neared 61.8% Fibonacci correction at 1.3045, where it reversed to the downside to resume some bearish correction for the volatile bullish wave;
EURUSD failed to break above 1.2921 key resistance and stayed in a trading range between 1.2587 and 1.2921. Now the price action in the trading range is treated as consolidation of downtrend from 1.3333, as long as...
EURUSDSMA 50 was able to halt the pair’s upside movement yesterday, where it managed to achieve a daily closing below the pivotal levels of 1.2775. This maintains the suggested bearish direction intact, supported by negative signs appearing on Stochastic.
