EURUSD Analysis – January 23, 2010
As expected, EURUSD formed a cycle top at 1.4579 level on daily chart. Deeper decline is now in favor and next target would be at 1.3800 area. Resistance is at 1.4250, as long as this level holds,...
Tag: EURUSD
EUR/USD 1.4131 – 22 January 2010
EUR/USD Open 1.4092 High 1.4145 Low 1.4034 Close 1.4085Euro/Dollar traded hesitantly on Thursday within the 1.4145 – 1.4034 range, closing the day at 1.4085. The currency couple moved close to the key support level at 1.4034, and...
EUR/USD 1.4100 – 21 January 2010
EUR/USD Open 1.4110 High 1.4304 Low 1.4074 Close 1.4104Euro/Dollar declined below 1.4255, which led to further sharp decreasing down to 1.4084 on Wednesday, caused by increased concerns that the crisis in Greece will reflect the other members...
Daily Forex Analysis by Finexo.com 20/01/2010
MAJOR HEADLINES – PREVIOUS SESSION * CA Dec. leading Indicators out at +1.5% m/m vs. +1.0% expected and +1.3% prior * CA BOC leaves interest rates unchanged at 0.25% * US Jan. NAHB Housing Index out at...
EUR/USD 1.4210 – 20 January 2010
EUR/USD Open 1.4281 High 1.4412 Low 1.4166 Close 1.4287On Tuesday Euro/Dollar volatility increased, as the currency couple started dropping from the 1.4412 top to 1.4257, closing the day at 1.4287. The bearish movement of the currency couple...
EUR/USD 1.4385 – 19 January 2010
EUR/USD Open 1.4398 High 1.4507 Low 1.4335 Close 1.4381Euro/Dollar traded within a tight range on Monday. The downward trend in favor of the Dollar, however, was limited at the 1.4335 support level, from where the European currency...
EUR/USD 1.4369 – 18 January 2010
EUR/USD Open 1.4370 High 1.4507 Low 1.4335 Close 1.4353Euro/Dollar dropped on Friday after a report from China showed a tightening of credit in the housing sector and the withdrawal of foreign investment earlier last week, causing demand...
EURUSD Analysis – January 16, 2010
EURUSD might be forming a cycle top at 1.4579 level on daily chart. Fall to test 1.4218 support is expected next week, a breakdown below this level will confirm the cycle top and indicate that the downtrend...
EUR/USD 1.4445 – 15 January 2010
EUR/USD Open 1.4497 High 1.4552 Low 1.4406 Close 1.4498Euro/Dollar started correcting downwards on Thursday, as expected, from 1.4552 to 1.4409, closing the day at 1.4498. The ascending movement on Wednesday was limited at 1.4574 resistance, and we...
EUR/USD 1.4533 – 14 January 2010
EUR/USD Open 1.4533 High 1.4576 Low 1.4458 Close 1.4509Euro/Dollar continued its ascending movement on Wednesday after the break up of the 1.4229 – 1.4484 range at the beginning of the week, reaching a peak at 1.4576, and...