Major Currencies’ Morning Report 10/6/2010
EURUSD The pair rushed to the upside breaching 1.1990, trading in the channel shown above, and also extending the upside move towards 61.8% at 1.2150, which meets the resistance for the downside channel.
Tag: EURUSD
EUR/USD 1.2030 – 10 June 2010
EUR/USD Open 1.1989 High 1.2071 Low 1.1926 Close 1.1980On Wednesday Euro/Dollar traded rose sharply as expected. The European currency appreciated from 1.1926 to 1.2071 yesterday, in converse with the Interbank sentiment projection, at around -16%, closing the...
Major Currencies’ Midday Report 09/6/2010
EURUSD The pair neared the awaited retest level that has currently descended towards 1.1990, where our morning expectations remain intact; while keeping in mind that a four-hour closing above the mentioned level wil l trigger a bullish...
EUR/USD 1.1931 – 9 June 2010
EUR/USD Open 1.1919 High 1.2000 Low 1.1903 Close 1.1915On Tuesday Euro/Dollar traded within a 100 pip trading range. The European currency appreciated from 1.1903 to 1.2 yesterday, in converse with the Interbank sentiment projection, at around -16%,...
Major Currencies’ Morning Report 09/6/2010
EURUSDThe pair is trading within the secondary ascending channel that is forming the flag pattern, where we expect it to lead to a retest of the previously broken support level that has descended towards 1.1995, as it naturally...
Major Currencies’ Midday Report 08/6/2010
EURUSD The pair is close to touching the awaited level where it has currently descended to 1.2005; a minor bearish technical pattern has formed at 1.1910 and we expect it to effect trading today. Our expectations for...
Major Currencies’ Morning Report 08/6/2010
EURUSD The pair is fluctuating within the narrow range yesterday and gradually nearing the retesting level for the previously broken support that has currently turned into resistance at 1.2010. Stochastic started to turn negative and thereby encouraging us to...
Major Currencies’ Midday Report 07/6/2010
EURUSD The pair moved upwards to retest 1.2040 shown in our weekly report. Our previous expectations will remain intact in the overall predicted bearish direction today; targets start at 1.1900 and require four-hour closing below 1.2040 to...
Trade Risk Management
EURUSD: We discussed the EUR on Friday and mentioned that Support and Resistance traders would be looking for an opportunity to go long if there was a bounce off Support. An entry did not materialize but if...
Major Currencies’ weekly Report 07/6/2010
EURUSD The pair moved to the downside,breaching the support levels for the main descending channel due to the effect of the breach of the bearish technical pattern’s neckline at 1.2140, which will cause a quick bearish trend. Some...