EURUSD daily report, by Liviu Flesar The Euro climbed again to 1.2770 after a modest retracement on Friday, but couldn’t break the said resistance. However, a daily close above the 1.2700 mark was needed to confirm the medium term range break out of the 1.2700 barrier and the potential resume of the upward move towards Read More
Friday 07.28.2006
EURUSD The Euro extended its gains on yesterday establishing fresh highs at 1.2770 but the dollar recovered setting the daily lows 90 pips lower, at 1.2680. First support is formed by 1.2680 backed by 1.2660 and 1.2625. Resistance is formed by 1.2700 followed by 1.2725 and 1.2770. While the 1.2680 support holds, we are expecting Read More
Thursday 07.27.2006
EURUSD After a quiet market during which the pair ranged between 1.2580 and 1.2600 failing to properly break the 1.2600 resistance, the Euro rose fast and established the daily highs around 1.2720. Support is now found at 1.2700 backed by 1.2665 and 1.2625. Resistance is formed by 1.2780 and 1.2825. The hourly momentum is bullish Read More
Wednesday 07.26.2006
EURUSD The Euro failed to climb past the 1.2665 level on yesterday and declined 100 pips establishing the daily lows at 1.2563. A break below 1.2550 which is the first important support is needed in order to confirm a potential extension of the decline back into the 1.2400 area. Support backs 1.2550 at 1.2510 and Read More
Tuesday 07.25.2006
EURUSD Not much happened on yesterday after the pair declined from the 1.27 area. Support is now formed by yesterday’s lower area, at 1.2610 backed by 1.2585 which is a key medium term barrier. Resistance is formed by the 1.2655 which is being tested now and 1.2705 higher. The resistance at 1.2655 is also the Read More
Monday 07.24.2006
EURUSD The euro lost its Friday gains on today Asian session after setting highs in the 1.2700 area. The support level of 1.2630 is being tested now and we expect it to break, extending the decline towards the next support level which is seen at 1.2585. The 50 fib retracement of the 1.2460-1.2705 move is Read More
Thursday 07.20.2006
EURUSD The Euro appreciated Vs the U.S. dollar on yesterday, as the currency tested offers around the 1.26 figure after establishing the daily lows at 1.2460, piercing but not breaking the key mid-term support level at 1.2475. Intraday support was found at 1.2580 backed by 1.2550, 1.2510 and the key level of 1.2475. While the Read More
Wednesday 07.19.2006
EURUSD The dollar extended its gains Vs the Euro as the pair slipped below the 1.2500 mark establishing a 3 months low around the 1.2475 level. While the daily momentum continue to strengthen its bearishness the long time studies like the weekely and monthly are also developing a bearish momentum and are currently into the Read More
Tuesday 07.18.2006
EURUSD The Euro resumed its decline Vs the US dollar on yesterday, breaking the support level at 1.2620 and testing bids around 1.2510. Support is formed now by 1.2510 but the barrier remains under heavy pressure due the Mideast conflict. 1.2510 is followed by 1.2480. Resistance is formed by 1.2560 followed by 1.2620. The daily Read More
Monday 07.17.2006
EURUSD The Euro declined on Friday breaking the medium term range support in the 1.2640 area and tested bids around the 1.2620 level on today’s late Asian session. The Euro lost around 160 pips on the previous week and it is possible that the decline will resume during the days ahead. Along with the break Read More
Friday 07.14.2006
EURUSD The Euro declined on yesterday breaking the 1.27 barrier, reaching lows around the 1.2670 where it also established support. Resistance is now formed by 1.2700 followed by 1.2725, 1.2745 and 1.2780. Support follows 1.2670 at 1.2640 and 1.2600. A break below 1.2670 is needed on the daily charts in order to confirm the build Read More
Thursday 07.13.2006
EURUSD The dollar continued to edge up higher Vs the Euro as the Euro tested bids below the 1.27 mark, at 1.2675 during the US session yesterday. The modest recovery which occured after reaching the said low brought the Euro above the 1.27 level now being supported by the 1.2700. More support levels are seen Read More
Wednesday 07.12.2006
EURUSD The Euro recovered slightly on yesterday testing offers at 1.2780 being supported by 1.2700, level that has been tested with no success. Intraday support is now formed by 1.2750, 1.2720 and 1.2700. Resistance is formed at 1.2780, 1.2820 and 1.2860. Hourly momentum is bullish and so is the daily but losing strength while the Read More
Tuesday 07.11.2006
EURUSD The Euro declined breaking through both intraday support levels formed by 1.2780 and 1.2745 on yesterday, reaching lows in the 1.2720 area after setting the daily highs at 1.2810. Currently, the market is quiet between the first resistance formed by 1.2745 and the support level at 1.2700 which may be a reasonable target of Read More
Monday 07.10.2006
EURUSD The dollar declined across the board on Friday due NFP release and the Euro reached highs at 1.2860. Support is now formed by 1.2785 also the 50 fib retracement of 1.2705-1.2860. Next support is seen at 1.2740 and 1.2700. Resistance is formed by 1.2820 and the mid-term range top at 1.2860. Daily momentum is Read More
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