EURUSD The U.S. Dollar rose Vs. the European Currency establishing lows in the support area around 1.2040. Momentum favors the Dollar as we might see a breach below 1.2040 today, aiming to 1.2000 where it will met the upward trendline (easily seen on the 4hr charts) started at 1.1873 extended through the low of 25 Read More
Friday 10.28.2005
EURUSDThe euro appreciated sharply versus the US dollar today as the single currency tested offers at 1.2170 and remained supported around the 1.2120 level. While the sentiment is mixed due to the narrow range of 1.2120-1.2170 we will pay attention to any relevant test aiming these two levels. If the EUR will extend its gains Read More
Wednesday 10.26.2005
EURUSDThe Euro extended its gains towards 1.22 after breaching the resistance at 1.2000 on yesterday but couldn’t establish highs above the 1.2150 resistance where it reversed and fell back below 1.21. The support level at 1.2070 is being tested at the time of this writing and a breach below may set the daily lows near Read More
Tuesday 10.25.2005
EURUSDThe Euro holds still above the support level of 1.1930 moving within a narrow range since yesterday after the failed test at 1.2 . Momentum is bearish on both hourly and daily studies and the current pressure may encourage the dollar to extend its gains below 1.19. Support stands at 1.1930 backed by 1.1900 and Read More
Tuesday 10.18.2005
EURUSDThe dollar managed to extend its gains overnight reaching the 1.19 area once again, facing support at 1.1980 at the time of this writing. Negative momentum is seen on both hourly and daily charts and the big picture has more and more clues pointing towards 1.17. Further support is building up at 1.1950 and 1.1900. Read More
Friday 10.14.2005
EURUSDThe dollar failed to break through 1.1900 once again and reversed, reaching the resistance area of 1.2035 then established a narrow range between 1.2035-1.1990. Support now stands at 1.1980 then 1.1900 lower. Upward movements will face resistance at 1.2035 and 1.2070 and 1.2100. Daily momentum is moderately bullish yet quite mixed while the hourly is Read More
Tuesday 10.11.2005
EURUSDDue to the fall below 1.2070 and later below 1.2040, the Euro has lost momentum on both hourly and daily charts and it is probably going to test 1.2000 today. Resistance stands at 1.2070 while support is seen at 1.2000 and lower, at 1.1900. The pair keeps moving in a narrow range since it fell Read More
A week ahead(10/10-10/14)
Weekly technical outlook, by Liviu Flesar EURUSDThe Euro recovered some of its losses versus the dollar during the previous week, extending its gains above 1.2000 right after the Dollar pushed lower, testing the key support at 1.1900. The resistance at 1.2180 was strong enough to trigger a reverse, event encouraged also by the data released Read More
Thursday 10.06.2005
EURUSD The dollar lost ground versus all the pairs across the board, the Eur/Usd now being traded at 1.2060 after testing offers at 1.2070. The Euro may extend its gains towards 1.2100 and probably above the said figure later, now facing the resistance level at 1.2070. The second resistance is seen at 1.2100 while in Read More
Wednesday 10.05.2005
EURUSD The Euro moved higher vis-à-vis the U.S. Dollar and tested offers around the US 1.1955. The Euro is showing some modest improvements against the Dollar currently moving higher than yesterday, probably on its way towards another 1.1960 test. But no serious threat is broughtin the 1.2000 area and the figure remains safe, thus the Read More
Tuesday 10.04.2005
EURUSD The Dollar continued to push the EUR lower breaking both 1.2000 and 1.1960 support levels, reaching lows at 1.1900. As we stated one week ago in our weekly report, 1.1960 wouldn’t be more relevant than an interim support level and more important levels are waiting lower starting with 1.1900. The Asian session was quiet, Read More
Warning: All the information on this site is provided "as is" for INFORMATIONAL AND EDUCATIONAL PURPOSES ONLY, not intended for trading purposes or advice.
Bear in mind that you are the only one responsible for your own trades. If you follow anyone else expecting to replicate his results, then you are doing something wrong.
Forex Trading is speculative, involves significant risk of loss and is not suitable for everyone (Full Disclaimer) - (Terms of Use)
This work by innerfx.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Permissions beyond the scope of this license may be available at http://www.innerfx.com/terms-of-use.