Unexpectedly low ADP employment affects the market. Asian and European trading session: Euro: The EUR/USD pair reached the 8-months maximum at the $1,3880 mark. US Dollar: On Wednesday the US dollar was still trading at the 8-months...
Risk appetites are back. Asian and European trading sessions: Euro: On Tuesday the EUR/USD rate managed to grow and reach its trading session maximums at the level of $1.3792. The release of the strong European statistics supported...
The euro stepped back from the reached maximums against the greenback. Asian and European trading sessions: Euro: The euro was under pressure during the morning trading, due to the negative influence from the European banking sector. Therefore,...
The beginning of the previous trading week saw the euro still holding its maximum levels against the greenback, but the released data could not allow the euro grow higher. In particular, the rating agency Moody’s reduced the...
USDCHF remains in downtrend from 1.1730 and the fall extends to as low as 0.9708 level. Further decline is still possible next week and next target is at 0.9634 (2008 low). Resistance is at 1.0000, as long...
EURUSDThe pair is finding difficulty in surpassing 1.3680 yet still within the minor ascending channel above. We expect the intraday upside wave to continue today targeting the main resistance for the bullish channel at 1.3810. Breaching areas...
The greenback drops against the major currencies. Asian and European trading sessions: Euro: The EUR/USD pair traded in the range of $1,3565-$1,3600. Market participants are waiting for the release of the German unemployment change data tomorrow. The...
EURUSDThe pair yesterday continued fluctuating above 1.3600, although negative signs are appearing on momentum indicators. A rising wedge pattern has a ppeared with a broken support level. This points out that some minor bearish movement is required to retest 1.3500 before continuing the expected...
The general weakening of the greenback continued as the negative US data was released. Asian and European trading sessions: Euro: During the morning trading the euro continued to be around its 5-months maximum against the greenback. But...
EURUSDThe pair inclined strongly, breaching 1.3500 to activate yesterday’s scenario and now the overbought signs are appearing on momentum indicators. We expect a retest of the breached level before resuming the expected bullish intraday trend. The technical targets start at 1.3700...
