EURUSD The Euro resumed the climb and breached the 1.2500 area on yesterday, where it found support at 1.2520. Major resistance is formed at 1.2590 by the highs of last year’s August and September. Key reversal point is seen in the 1.2560 area, the 50 fib retracement of the 1.3480-1.1640 move of last year. We Read More
Thursday 04.27.2006
EURUSD The attempts to break through 1.2480 failed twice but good support was established at 1.2440 which we are expecting to hold and encourage the Euro to push the higher limits again. The daily momentum remains highly bullish while the hourly is slightly bearish due the moderate decline in the Asian session. Support is formed Read More
Thursday 04.20.2006
EURUSD After the weak attempt of passing by 1.24 seen yesterday, the Euro declined slightly during the Asian session. Minor support is formed by the 1.2330 level backed by 1.2285. A break through the 1.2330 seems highly possible and it will most likely extended the further decline towards yesterday’s low below 1.2300. Resistance is formed Read More
Wednesday 04.19.2006
EURUSD The 1.2320 breakout seen yesterday brought some new areas in focus, like the 1.2400 and 1.2500 which are easy targets now after a strong support was established in the lower area of 1.2300. On the other hand, the fast Euro acceleration may as well result into an extended retracement. Resistance is now formed by Read More
Tuesday 04.18.2006
EURUSD The Euro rallied towards the 1.2300 on yesterday, establishing resistance at 1.2285, level which it will most likely test again after the current consolidation is over. Support is seen at 1.2245 and 1.2200. Major resistance is seen at 1.2320 formed by the highs of January and April. Current exchange rate is 1.2256 Trading strategies: Read More
Wednesday 04.12.2006
EURUSD The last 2 days range has been relatively tigh and this is probably due upcoming Easter. The Euro tested bids at 1.2165, being supported by 1.2090. Resistance is formed at 1.2165 and 1.22. Both hourly and daily sentiment are moderately bullish. We are expecting a potential test of 1.2200 during the next days or Read More
A week ahead (04/10-04/14)
EURUSD Weekly outlook, by Liviu Flesar Breaking the triangle formed on the dailies wasn’t enough to boost the Euro climb towards the 1.25 area, at least, not yet. The large gains of the Euro seen during the last week were quite obviously pointing to a potential test of the resistance established on January at 1.2320. Read More
Monday 04.10.2006
EURUSD The Euro collapsed after established the double top at 1.2320 and also fast turned the daily momentum into bearish. If the current decline will extend and reach the lower area of 1.2′s then it will have good chances to continue towards the 1.18 area. Support is now seen at 1.2090 which is tested now Read More
Thursday 04.06.2006
EURUSD After establishing support at 1.2240, the Euro ranged between 1.2240 and the intraday resistance, 1.2305. A break through 1.2300 seems highly possible at the time of this writing as most of the signs are pointing North. The daily momentum is highly bullish while the hourly is mixed due the quiet Asian session. Support is Read More
Wednesday 04.05.2006
EURUSDThe Euro rallied towards the 1.23 area after breaking through the 1.2175 key resistance, a move which strengthened the daily momentum. Important resistance is now formed by the 1.2320, the highs of January. A minor momentum divergence is formed over the daily charts so we have another reason to expect a retracement before climbing higher, Read More
Tuesday 04.04.2006
EURUSDThe Euro advanced slightly over yesterday’s market open quote after a rally started below the half of 1.2050′s and now it is ranging around the 1.2140 level. Important resistance is formed by 1.2175 and a successful breach of this level may confirm a potential climb towards the 1.23 area. Attention should be focues on this Read More
One week ahead (04/03-04/07)
EURUSD weekly report, by Liviu Flesar On our previous report one week ago we pointed to the triangle formed on the daily charts by the upward trendline started at 1.1830 on the end of February and the downward trendline started at 1.2320 on January extended through the highs of March at 1.22. We’ve been expecting Read More
Monday 04.03.2006
EURUSDThe U.S. Dollar extended its gains by resuming the Friday move during the last Asian session, testing bids below the mid 1.2′s. Important support is seen in the 1.2020 area and 1.1960. Resistance is now emerging at 1.2100 and 1.2175. The daily momentum seems to step again into the negative area, being bearish for the Read More
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