Concerns over European banking sector pressured the euro. Asian and European trading sessions: Euro: Monday saw the EUR/USD trading in a tight range of $1.3425-$1.3500. The euro was still holding its maximum levels against the greenback, but...
EURUSDThe pair is moving within a sideways range between 1.3420 and 1.3500, where Stochastic neared oversold areas; thus, we expect to continue the bullish intraday trend that requires the breach of 1.3500 to pave the way towards the...
During the previous trading week the greenback demonstrated weakness before the release of the FOMC meeting, as well, as after it. The greenback rate showed decrease as the expectations for the FOMC meeting expressed possibility of the...
EURUSDThe pair continued its bullish movement breaching the neckline for the bullish technical pattern at 1.3330, where this breach encourages us to expect a bullish trend in overall trading for this week.
USDCHF broke below 0.9917 (2009 low) and reached as low as 0.9779. Further decline towards 0.9634 (2008 low) could be seen next week. Resistance is at 1.0181, as long as this level holds, downtrend from 1.1730 could...
The greenback still stays under pressure. Asian and European trading sessions: Euro: The euro received some support in the threshold on the state bond auction in Portugal, which was expected to show good results, following Spain and...
Investors’ optimism growing on Tuesday. Asian and European trading sessions: Euro: The EUR/USD pair managed to reach maximums at the $1,3145 level. Positive results of the bond auction in Spain and Ireland supported the euro. Investors’ optimism...
The drop of the greenback in the threshold of the FOMC meeting. Asian and European trading sessions: Euro: The EUR/USD pair strengthened above the $1,3100 mark. US Dollar: The greenback showed weakness as the expectations for the...
EURUSDThe pair stabilized above 61.8% Fibonacci to descend from 1.3332 to 1.2585, in addition to the bullish technical pattern continuing its affect by completing its formation last week at 1.2915.
Being contained by 0.9917 (2009 low) support, USDCHF rebounded from 0.9932. Key resistance is now at 1.0277, as long as this level holds, downtrend is expected to continue and another fall to test 0.9917 support is still...
