EURUSD Analysis – October 31, 2009

by ForexCycle.com | October 31, 2009 2:56 pm
Being contained by the upper border of the rising price channel on daily chart, EURUSD pulled back from 1.5062, suggesting that a cycle top is being formed. Further fall towards the bottom of the price channel is...

EUR/USD 1.4848 – 30 October 2009

by ForexCycle.com | October 30, 2009 6:26 am
EUR/USD Open 1.4837 High 1.4857 Low 1.4690 Close 1.4835 On Thursday Euro/Dollar made a significant ascending movement, breaking up the important resistance 1.4815 level, reached a top at 1.4857, and closed the day at 1.4835. This may...

EUR/USD 1.4731 – 29 October 2009

by ForexCycle.com | October 29, 2009 7:34 am
EUR/USD Open 1.4719 High 1.4837 Low 1.4690 Close 1.4718 Euro/Dollar made a significant downward movement on Wednesday with around 130 pips, reaching a bottom at 1.4697, and closing the day at 1.4718. The bearish divergence is giving...

EUR/USD 1.4823 – 28 October 2009

by ForexCycle.com | October 28, 2009 7:04 am
EUR/USD Open 1.4822 High 1.4921 Low 1.4770 Close 1.4810 After the sharp drop on Monday, yesterday Euro/Dollar continued descending insignificantly with around 150 pips. If the currency pair gets consistent movements above yesterday’s top 1.4920, the trend...

EUR/USD 1.4879 – 27 October 2009

by ForexCycle.com | October 27, 2009 6:43 am
EUR/USD Open 1.4855 High 1.5059 Low 1.4948 Close 1.4870 On Monday Euro/dollar climbed to the 1,5059 top, than collapsed to the 1.4846 bottom, as expected, where the bears are limited for now, and the currency couple closed...

EURUSD Analysis – October 25, 2009

by ForexCycle.com | October 25, 2009 12:53 am
EURUSD stays in a rising price channel on daily chart and remains in uptrend from 1.3748, and the rise has extended further to 1.5060 level. As long as the channel support holds, uptrend is expected to continue...

EUR/USD 1.5022 – 23 October 2009

by ForexCycle.com | October 23, 2009 5:22 am
EUR/USD Open 1.5029 High 1.5058 Low 1.4948 Close 1.5027 On Thursday Euro/Dollar made insignificant ascending movement with just over 100 pips. The currency couple tried to drop, reaching a bottom at 1.4948, from where it started ascending...

EUR/USD 1.4985 – 22 October 2009

by ForexCycle.com | October 22, 2009 5:08 am
EUR/USD Open 1.5017 High 1.5048 Low 1.4888 Close 1.5014 Euro/Dollar made significant ascending movement on Wednesday, breaking up the psychological 1.5000 level. Technically, this fact opens a way for stronger upward impulse toward next objective 1.5170 in...

EUR/USD 1.4923 – 21 October 2009

by ForexCycle.com | October 21, 2009 5:13 am
EUR/USD Open 1.4932 High 1.4993 Low 1.4887 Close 1.4941 On Monday Euro/Dollar corrected down to the 1.4887 level, where the correctional movement was limited, closing the day at 1.4941. Expectation are bullish in the medium term, but...

EURUSD Analysis – October 17, 2009

by ForexCycle.com | October 17, 2009 3:58 am
EURUSD broke above 1.4843 previous high and reached as high as 1.4966 level, suggesting that the uptrend from 1.3748 (June 16 low) has resumed. Another rise towards 1.5100-1.5200 area is expected in a couple of weeks. Support...