EURUSD daily report, by Liviu Flesar The dollar recovered some of its recent losses on yesterday due the FOMC market reaction. During the high volatile hour following the news release, the Euro advanced towards the 1.29 area piercing the resistance at 1.2870 failing to establish a breakout then declined and orbited around 1.2830, a minor support Read More
Tuesday 08.08.2006
EURUSD daily report, by Liviu Flesar After establishing fresh highs on Friday by testing the 1.29 resistance level on the NFP release, the Euro declined on yesterday and resumed the decline during today’s asian session testing bids into the 1.2810 area. Lookin on the daily charts we notice that the upside is still favored Read More
Friday 08.04.2006
EURUSD daily report, by Liviu Flesar Sustained by the 1.2745 support level, on yesterday the Euro pushed higher and tested the 1.2830 resistance once more. The test failed and it declined, ending the day by orbiting around 1.2800. On a daily basis, it only advanced slightly by closing 15 pips higher than wednesday’s close but Read More
Thursday 08.03.2006
EURUSD daily report, by Liviu Flesar The dollar recovered slightly Vs the Euro as the pair tested bids around the 1.2745 level during the Asian session. Current support is formed by 1.2745 backed by 1.2725 and 1.2700. Lower, support is also seen at 1.2665. Resistance is formed by 1.2780, 1.2800 and 1.2830. Higher, important resistance Read More
Wednesday 08.02.2006
EURUSD daily report, by Liviu Flesar The Euro exited the 2 days range of 1.2720-1.2780 by breaking the 1.2770 key resistance and establishing highs above the 1.28 mark, around the 1.2832 level. Support is now formed by 1.2780 backed by 1.2725 and 1.2700. Intraday resistance is formed by the highs of the last Asian Read More
Tuesday 08.01.2006
EURUSD daily report, by Liviu Flesar The Euro established new mid-term highs at 1.2780 and was supported by 1.2740 on yesterday’s relatively tight range. The pair declined on the Asian session reaching the support level at 1.2725. Maybe it is not the time yet for a complete breach of 1.2770 and we will see that Read More
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