EURUSD The Dollar extended its losses across the board on yesterday, reaching 3 weeks lows Vs. the Euro above the 1.27 mark. Support is now formed in the 1.2680-1.2695 area and it will probably hold the Euro above the 1.27 level for a while now. Support is also seen lower, at 1.2640 and 1.26. However, the Read More
Thursday 06.29.2006
EURUSD The Euro extended its losses Vs the U.S. Dollar testing bids in the 1.2515 area then recovering and orbit around the 1.2540 level until the time of this writing. Support is still formed by 1.2530 backed by a minor support at 1.2515 (yesterday low) and 1.2480. Resistance is formed by 1.2560 followed by 1.2585 Read More
Wednesday 06.28.2006
EURUSD The Euro recovered after reaching lows around 1.2480 last week but keeps moving into a narrow range since Monday. Momentum is mixed on the hourly studies but still bearish on the dailies, giving signs of recovering though. Intraday support is formed by 1.2565 backed by 1.2535 and 1.2480. Resistance is formed by 1.2600 and Read More
Thursday 06.22.2006
EURUSD The Euro continued to climb higher on yesterday due ECB President Trichet’s Parliamentary testimony. We’ve been expecting 1.2670 to act as a strong barrier, at least for a while. While it holds, a reverse looks highly possible if the minor support found at 1.2650 would break. Support follows 1.2650 at 1.2630 and 1.2600. Lower Read More
Wednesday 06.21.2006
EURUSD The Euro recovered on yesterday and extended the recovery process through the Asian session today, getting above the 1.26 mark. The support test in the 1.2530-1.2550 area seen yesterday failed, as we expected. Looking at the daily charts, we notice the double bottom formed around 1.2530 and a momentum minor strengthening process occuring. A Read More
Tuesday 06.20.2006
EURUSD The dollar appreciated Vs. the euro on yesterday, testing bids into the mid 1.25 area. The support zone of 1.2530-1.2550 is strong, no doubt, though we are expecting a break below it during the next few days. Meanwhile, the 50-70 pip moves favored by the ranging between the said support area and the lower Read More
Monday 06.19.2006
EURUSD The dollar appreciated Vs. the euro during the Asian session, as the pair tested bids around 1.2565. The moderate recovery which is in progress seems to prepare a test of 1.2600 soon. Support is formed by 1.2565 and 1.2535. Resistance starts at 1.2600 and is followed by 1.2645. A break through the 1.2600 may Read More
Thursday 06.15.2006
EURUSD The Euro gained solid ground Vs. the U.S. Dollar on yesterday, testing offers around the 1.2645 level. The dollar managed to recover a bit bringing the 1.2600 support level back to our attention. Support is now seen at 1.2600, 1.2565 and 1.2530. Resistance starts at 1.2615 followed by 1.2645. The daily studies are highly Read More
Wednesday 06.14.2006
EURUSD The U.S. dollar advanced and brought the Euro lower during the last 24 hours, by breaking the 1.2570 support level and testing bids around 1.2530 later. By the time of this writing, the Euro continues a short-term recovery started during the Asian session. Resistance is seen first at 1.2570 followed by 1.2590 which is Read More
Tuesday 06.13.2006
EURUSD The Euro fell below the 1.2600 level on yesterday and also made a daily close there. Minor support was found at 1.2570 but that’s probably easy to get past by. Momentum is pretty mixed on the hourlies since yesterday because of the narrow ranges formed. Resistance is now seen at 1.2600 and higher, emerging Read More
Monday 06.12.2006
EURUSD The Euro resumed the decline on Friday, testing bids around 1.2600, and now recovering since the Asian session open. The support at 1.2600 is strong and we expect it to hold for some days. However, a break below it would most likely accelerate the decline towards the 1.2300 area on a mid term basis. Read More
Friday 06.09.2006
EURUSD The Euro declined on yesterday breaking the medium term support at 1.2700 and reaching lows around the 1.2625 level. We expect 1.2700 to act as a serious resistance now and encourage potential resumes of the Eur decline, lower, towards the 1.25 zone. Support is seen at 1.2625 and 1.2580. Minor resistance stands at 1.2670 Read More
Wednesday 06.07.2006
EURUSD The Euro declined on yesterday after the failed test of 1.2920 and the break through the intraday support formed at 1.2880, reaching lows around 1.2805 during the late U.S. session. The intraday support formed by yesterday’s low at 1.2806 its being broken now at the time of this writing. The Euro decline may continue Read More
Tuesday 06.06.2006
EURUSD The Dollar managed to recover on yesterday after the failed test in the 1.2970-80 area where the major medium term resistance is seen. The Euro found support at 1.2880 after the decline and recovered 30 pips at the time of this writing. Support follows 1.2880 at 1.2840. Momentum is mixed on the hourly charts Read More
Monday 06.05.2006
EURUSD The Euro appreciated Vs. the U.S. Dollar last week, extending its gains into the 1.29 area by testing offers at 1.2940 on Friday, as a result of the NFP. Major resistance is formed by 1.2970, the high of May. Intraday support is seen at 1.2900 backed by 1.2860 and 1.2780. The Euro resumed its Read More
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