EURUSD The consolidation of yesterday doesn’t seem to be over yet and a break through 1.2060 or 1.2120 are necesary to confirm the end of the current consolidation. Daily momentum remains bearish while the pair keeps moving under the 1.2160 resistance level. Hourly sentiment is mixed due ranging but an upward retracement of the friday’s Read More
Monday 01.30.2006
EURUSD The dollar recovered during the last 4 days ending the NY session of Friday by testing bids in the 1.2080 zone, where it also established support. Last week we were pointing to 1.2160 being the key support level which may be tested during the next few days. Now it is broken, we can safely Read More
Friday 01.27.2006
EURUSD The pair reached the 38.2 retracement of the 1.2000-1.2320 move, though we expect to see the 50 retracement hit too. Support emerges at 1.2200 and below, at 1.2160. Minor resistance was formed at 1.2220 followed by 1.2260 and 1.2320. The daily momentum remains bullish yet losing strength and about to turn bearish. Potential tests Read More
Thursday 01.26.2006
EURUSD While the daily momentum loses strength and the higher area of 1.22 remains intact, we expect the downward moves to resume by testing bids at 1.2200, threatening the middle 1.21 zone. First resistance is seen at 1.2260 and second at 1.2300. Support starts at 1.2235 followed by 1.2200 and 1.2160. Current exchange rate is Read More
Wednesday 01.25.2006
EURUSD The dollar recovered a little during yesterday, advancing 50 points until the day close. Support was formed in the 1.2250 area followed by 1.2220 and 1.2160. Resistance is seen at 1.2300. A break above 1.2300 will meet the key levels established on August, 2005. Though, we expect 1.2100-1.2350 to remain a viable range during the Read More
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