Support & Resistance Levels
USDCAD: This continues to be an interesting pair to watch as many technicians believe the price action on the CAD will be a leading indicator for the rest of the G-7. Here are the Support & Resistance...
Tag: EURUSD
Major Currencies’ Morning Report 15/ June /2010
EURUSD The pair started its gradual descend naturally within the upside intraday channel shown yesterday, in an attempt to build a base on its support level around 1.2160 currently.
EUR/USD 1.2202 – 15 June 2010
EUR/USD Open 1.2213 High 1.2298 Low 1.2115 Close 1.2220On Monday Euro/Dollar continued recovering, as expected. The European currency appreciated from 1.2115 to 1.2298 yesterday, in converse with the Interbank sentiment projection, at around -8%, closing the day...
Major Currencies’ Midday Report 14/ June /2010
EURUSD The Pair rushed to the upside after building a base on 1.2160 while currently touching the resistance for the minor ascending channel that organizes the current intraday upside move. Momentum indicators are showing overbought signs that...
Major Currencies’ weekly Report 14/ June /2010
EURUSD The pair continued its upside push where it managed to breach the resistance level for the descending short term channel, surpassing the breached retest line for the previously mentioned bearish technical pattern at 1.2130.
EUR/USD 1.2169 – 14 June 2010
EUR/USD Open 1.2145 High 1.2206 Low 1.2057 Close 1.2106On Friday Euro/Dollar recovered further in the morning, that made a deep correction. The European currency appreciated to 1.2147 on Friday, than bounced down to 1.2057, in line with...
EURUSD Analysis – June 12, 2010
EURUSD remains in downtrend from 1.5144 and the bounce from 1.1876 is treated as consolidation of downtrend. Resistance is at the falling price channel on daily chart, now at 1.2340, as long as the channel resistance holds,...
Major Currencies’ Midday Report 11/ June /2010
EURUSD The pair is fluctuating around the resistance for the descending channel and below 61.8% correction, alongside negative signals on momentum indicators. We preserve our morning expectations as far as the pair does not stabilize above 1.2150.
Major Currencies’ Morning Report 11/ June /2010
EURUSD The pair respected yesterday’s expectations and halted the move at the resistance for the descending channel which declined to 1.2120. Momentum indicators show overbought signals, and in addition to the mentioned resistance and 61.8% correction, we...
EUR/USD 1.2102 – 11 June 2010
EUR/USD Open 1.2104 High 1.2142 Low 1.1958 Close 1.2126On Thursday Euro/Dollar continued to recover as expected. The European currency appreciated from 1.1958 to 1.2142 yesterday, in converse with the Interbank sentiment projection, at nearly -10%, closing the...