EURUSD The Euro climbed into the 1.29 area on yesterday, establishing the daily high at 1.2907. Support was found at 1.2845 and 1.2820. We are expecting the first support level, at 1.2845, to support the Euro on the further potential tests above 1.29. Major resistance is seen at 1.2970. After losing most of its strength Read More
Monday 05.29.2006
EURUSD The Euro declined on Friday reaching the daily low on the major support at 1.2700. The market has been quiet during the Asian session today and we expect it to keep moving on a low tempo, lacking volatility. Looking on the hourly charts, it seems that 1.27 will be the target of a new Read More
Thursday 05.25.2006
EURUSD The Euro tested the resistance at 1.2870 once again on yesterday, an action we’ve got familiar with during the last 5 days. The decline seen after the failed tests brought the support level at 1.2775 in focus, which failed to hold and the Euro extended the decline towards the 1.2735, also ranging between 1.2750-1.2780 Read More
Wednesday 05.24.2006
EURUSD The Euro declined on yesterday, after failing to brech the resistance level at 1.2870. The decline has been stalled on the support level at 1.2775. A potential break below this support level may extend the U.S. Dollar gains towards a new test of 1.2700. Both hourly and daily studies are bearish at the time Read More
A week ahead (05/22-05/29)
EURUSD weekly outlook, by Liviu Flesar The Euro depreciated Vs. the U.S. Dollar last week. Right after establishing fresh highs close to the 1.3 level, it declined giving back gains after the U.S. economic data suggested that the FOMC is not finished tightening monetary policy. Even so, the Euro is facing strong support at 1.2700 Read More
Monday 05.22.2006
EURUSD The Euro declined on Friday, reaching the 1.2700 bottom where it established support and retraced to the 50% fib retracement of the entire Friday move, at 1.2785. We are expecting the Euro to resume its decline Vs the U.S. Dollar, testing 1.2700 on a primary phase and eventually breaking through and advancing towards the Read More
Friday 05.19.2006
EURUSD The Dollar lost most of its recent gains on Euro’s smooth recovery seen yesterday. Though the daily and hourly sentiments are not really favoring the Euro at this moment, both losing strength and trying to give clues about a potential Euro decline. Support is formed currently by 1.2770 and 1.2700. Resistance emerges at 1.2870 Read More
Thursday 05.18.2006
EURUSD The Euro declined on yesterday, establishing intraday support at 1.2700. Further decline seems possible and a potential break of the 1.2700 support level would bring the lower area of 1.2600 and probably 1.2500 into our attention. Current resistance is formed by the previous daily support, 1.2770. We are expecting a resume of yesterday’s decline Read More
Tuesday 05.16.2006
EURUSD The Euro gave back some of its gain on yesterday by falling into the upper half of 1.27′s and then recovered a bid during the Asian session. Support stands at 1.2775 and we expect it to be a weak barrier in case of a new test. A break of 1.2775 may lead to an Read More
Monday 05.15.2006
EURUSD The Euro tested offers around 1.2970 during the Asian session but declined into the lower area of 1.29′s at the time of this writing. Minor support is formed at 1.2900 currently by the upward trendline started at the end of last week’s, extended through the Friday’s lows. Important support follows at 1.2830. Resistance is Read More
Friday 05.12.2006
EURUSD The Euro rallied to the higher area of 1.28 after establishing daily lows in the 1.26 area on yesterday. Support is seen now at 1.2830 and as long as it holds we expect the upward move to continue, aiming towards the first resistance which is seen at 1.2930. On the other hand, the large Read More
Thursday 05.11.2006
EURUSD The Euro tested offers in the 1.28 area before it declined into the lower area of 1.27. The decline has been signaled by the momentum divergence seen on the hourly charts. Support is found at 1.2715 and 1.2660. While the two supports hold we expect a resume of the upward move, mid term aiming Read More
Tuesday 05.09.2006
EURUSD The Euro tested offers around the 1.2785 level and was supported around the 1.2710 level. The daily change Vs the US Dollar was little. Yesterday’s high was right around the 61.8% retracement of the 1.3480 to 1.1640 move. The Euro is losing strength as it seems and we expect a slip below the current Read More
Monday 05.08.2006
EURUSD The NFP on last Friday helped the Euro extending its gains into the mid 1.27′s, finding support at 1.2715. Lower support is formed by 1.2675 and 1.2600. A break below 1.2600 would confirm an extended retracement most likely aiming lower, towards 1.21 but at this moment the said support seems too far away, also Read More
Thursday 05.04.2006
EURUSD The Euro is currently testing the support at 1.2600, after two days of ranging between 1.2600 and 1.2665. A break through the current barrier may extend the decline deep down into the lower area of 1.25. Overall risk of short positions is high though there are technical clues pointing South. Hourly momentum is bearish Read More
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