EURUSD The Euro extened its gains towards the 1.2175 level and reached the mid term resistance formed by the downward trendline started at January’s highs extended through current March highs, now seen at 1.2170. We mentioned about this resistance on our weekly report,in which we also mentioned about the triangle formed on the daily charts. Read More
Wednesday 03.29.2006
EURUSD After reaching the daily top at 1.2105, the Euro declined, falling back into the depths of 1.2. Intraday support is formed at 1.1990 followed by 1.1960 and 1.1900. A daily close below 1.2 is needed to confirm the full breach of the upward trendline started at 1.1830 in February. Resistance is seen at 1.2030 Read More
Tuesday 03.28.2006
EURUSD The U.S. Dollar recovered half of the gains Euro made on Friday and turned the daily momentum bearish once again. But the Dollar is now facing important support in the 1.2000 area formed by the trendline seen on the daily charts starting at 1.1830 extended through last week’s lows. Subsequent floors are seen deeper, Read More
A week ahead (03/27-03/31)
EURUSD Weekly Report, by Liviu Flesar After failing to break through the 1.22 barrier, the Euro declined to the mid 1.19′s and breached the 50% fib retracement of the 1.1830-1.2200 which could have cause a reverse in the 1.2030 area. The daily momentum lost strength though the last Friday move may resume by the beginning of Read More
Friday 03.24.2006
EURUSD During the last 24 hours the Euro resumes its decline by breaking the 1.2030 support level and reaching daily lows in the mid 1.19′s. The daily charts show a negative momentum formed over the last few days since the decline started by failing to break the 1.2200. The consolidation seen during the Asian session Read More
Thursday 03.23.2006
EURUSD The Euro declines to the mid 1.2′s after failing to break the 1.2200 barrier. Though, while the 1.2030 support level remains intact we can expect a ranging between the said bottom and peaks around 1.2100 or a bit higher. Resistance is formed by 1.2090 and 1.2120. The daily momentum lost a lot of strength Read More
Tuesday 03.21.2006
EURUSD The Euro declined after reaching the 1.2190 highs on yesterday. The daily momentum started to lose strength while the hourly is bearish since one day and half ago. The current decline is probably a correction of the move we’ve seen last week but on the other hand, it may also indicate the end of Read More
Monday 03.20.2006
EURUSD The Euro continued to test the 1.2200 area on Friday reaching highs at 1.2205. Daily momentum is bullish while the hourly is a bit mixed now after the Asian session. New 1.22 tests are possible today and a potential break through will suggest further climbing towards the 1.2330 level. Intraday support is formed by 1.2145. Read More
Friday 03.17.2006
EURUSD After breaking through the 1.2080 resistance on yesterday, the Euro accelerated towards the 1.2200 area establishing the daily highs at 1.2190. Important resistance formed at 1.2180 by some daily highs of January couldn’t be breached as the Euro became a bit exhausted after the long rally. Slightly bearish, hourly momentum suggests a retracement before Read More
Thursday 03.16.2006
EURUSD The Euro reached the 1.2075 level on yesterday but fell back during the Asian session. Support is formed by 1.2030, though we are expecting the Euro to drop even more if 1.2030 will be breached, maybe below 1.2000 later today. The 50 fib retracement of the entire climb seen yesterday is seen at 1.2040. Read More
Wednesday 03.15.2006
EURUSD The Euro recovered Vs the US Dollar during the last 3 days especially on yesterday, establishing highs in the 1.2030 area. The daily studies are bullish and a new test / double top at 1.2090 seems possible during the next days. A break through the said 1.2090 level may bring the 1.2300 area back Read More
A week ahead (03/06-03/10)
EURUSD Weekly report, by Liviu Flesar The Euro recovered Vs the US Dollar during the last week, after it established the lows in the 1.1830 area. Weekly highs were established in the mid 1.20′s and Friday’s session closed slightly higher the daily open quote and strenghtened the resistance level at 1.2050. We may see an Read More
Friday 03.03.2006
EURUSDThe Euro rose to the mid 1.2 area on yesterday establishing the daily highs and resistance at 1.2045. Looking on the daily charts, we can see that next key level is formed at 1.2075, the 50% retracement of the Euro decline from 1.2330 to 1.1830. We don’t expect an easy pass through this level. Support is Read More
Wednesday 03.01.2006
EURUSDThe Euro recovered by breaking through the resistance level of 1.1865 and testing offers in the 1.1940 area. Support was formed at 1.1925, followed by 1.1865. Further Euro gains may aim towards a break through 1.2000. Resistance is now seen at 1.1950 and 1.2000. Daily momentum is positive. Current exchange rate is 1.1937 Trading strategies: Read More
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