EURUSD The Euro slipped below the sup level @1.1865 during the Asian session and tested bids in the 1.1820 area. Followed by a retracement to the .50 fib of the 1.1927-1.1825 move, the Euro is giving clues that the downward move of Friday may resume today. Intraday resistance is formed in the 1.1870 area by Read More
Friday 02.24.2006
EURUSDThe Euro rose to the 1.1970 area then declined, enetering the range of 1.1915-1.1930 where it is still. Resistance is formed by the 1.1930 level followed by an interim resistance formed by the 1.1970 and then 1.2000. Support is formed by 1.1895 and 1.1860. Current exchange rate is 1.1919 Trading strategies: Short in the 1.1950 Read More
Thursday 02.23.2006
EURUSDThe Euro extended recent losses vis-à-vis the U.S. Dollar on yesterday as the currency tested bids around the support level at 1.1860 after encountering offers around the 1.1930 level. We are expecting the range of 1.1860-1.1940 to remain valid until Friday, at least. Support is formed by 1.1860 and interim support is seen at 1.1890. Read More
Tuesday 02.21.2006
EURUSDThe Euro falls back after reaching the 1.1975 peak on yesterday, though the daily momentum recoveres from the negative area quite a bit. Support was formed at 1.1900 and 1.1860. Resistance is seen at 1.1950 and 1.2000. We are expecting a drop below 1.1900 later today. Current exchange rate is 1.1914. Trading strategies: Short in Read More
One week ahead (02/20-02/24)
EURUSD weekly outlook, by Liviu Flesar Ranging between the half 1.18′s and peaking to 1.1950 after breaking the key support level of 1.2 encouraged by the NFP release, the dollar continues to threaten the lower area below 1.18 still, sentiment mainly expressed on the longer term studies. While both 1.2 and 1.1850 remain valid, we Read More
Thursday 02.16.2006
EURUSD The support zone around 1.1870 looks quite difficult to pass by at the moment, this being the 4`th day when the Euro is ranging above the said zone. The resistance at 1.1920 doesnt help either, like seen on yesterday, the pair declining soon after reaching highs above 1.1920. Next important support will be faced Read More
Tuesday 02.14.2006
EURUSD Quite exhausted after the Friday decline, the Euro continues the consolidation process ranging between 1.1875 and 1.1920.Minor resistance was formed by 1.1920, followed by 1.1950 and 1.2000. Important support is seen at 1.1880. A break through 1.1920 may result in a climb towards 1.1950. Even though the market was quiet during the last 24 Read More
Monday 02.13.2006
EURUSD The dollar tested the support level at 1.1885 during the Asian session today but recovered, now being above 1.19 once again.While the said support holds we can expect a retracement to the middle of 1.19′s. The daily sentiment is bearish and will probably remain so for a while and the hourly studies are mixed, Read More
Wednesday 02.08.2006
EURUSD The Euro resumed the decline after testing the 1.2000 resistance level and managed to establish a double bottom on the short term charts, formed by the last 2 days lows in the 1.1940 area which is now an important support. Resistance is formed in the same old 1.2 zone, followed by 1.2045. The daily Read More
Tuesday 02.07.2006
EURUSD The Euro resumed the decline and tested bids in the 1.1950 area during the late NY session on yesterday. The overnight recovery established a bullish momentum on the hourly charts, though we expect the retracement to end around the 1.2 key figure. While 1.2 holds, new tests in the mid 1.19′s are expected to Read More
Monday 02.06.2006
EURUSD The EUR continues the decline at this moment, giving clues about a potential new test of 1.2000 during the next few hours.Support is formed by 1.2000 and 1.1970. Resistance starts at 1.2045 followed by 1.2105. The hourly sentiment is mixed while the daily remains bearish. Current exchange rate is 1.2014 Trading strategies: Short in Read More
Oen week ahead (02/06-02/10)
EURUSD weekly outlook, by Liviu Flesar The dollar advanced breaking through the key support at 1.2000 on Friday due NFP release, reaching also the upward trendline formed on the daily charts and seen on the picture below. Since the daily bar didn’t close below 1.2000 we expect to see a resume of the ranging moves Read More
Thursday 02.02.2006
EURUSD Important key support will be face by the pair at 1.2000 if the current fall started on yesterday will continue. Resistance is now seen at 1.2060 and 1.2115. A potential break through 1.2000 may bring the 1.8 area in focus soon. Potential retracements before a breach may hit the 1.2100 though. Current exchange rate Read More
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