EURUSD daily report, by Liviu Flesar The Euro was mixed on yesterday, orbiting around the 1.2700 level and trading into a narrow range of 50 pips after a failed test of the first resistance which is seen at 1.2730. Support is formed by 1.2680 and 1.2660. Resistance emerges at 1.2730 followed by 1.2760 and 1.2780. Read More
Thursday 09.28.2006
EURUSD The Euro gained some ground vs the US dollar on yesterday, being supported by 1.2780, reaching highs at 1.2730 during today’s Asian session. The current resistance of 1.2730 is yet again a key level and a breach may easily accelerate the market towards the 1.28 mark. We will be looking forward for tests of Read More
Wednesday 09.27.2006
EURUSD The dollar extended its gains Vs the Euro on yesterday, breaching the key support level at 1.2730 and establishing the daily lows just above 1.2660. Resistance is now seen at 1.2700 followed by 1.2730 and 1.2760. Support is formed by 1.2680 backed by 1.2660 and 1.2630. We don’t look too far into the South Read More
Tuesday 09.26.2006
EURUSD daily report, by Liviu Flesar The dollar recovered some of its previous losses suffered last week Vs the Euro as the pair tested bids in the 1.2730 area on yesterday. As we mentioned on our weekly outlook, the 1.2730 level is a key medium term support which is likely to give hints about the Read More
One week ahead (09.25-10.02)
EURUSD weekly outlook, by Liviu Flesar The dollar recovered against the Euro, resuming the correction started on Friday after the two intraday tests of 1.2830. However, mid-term sentiment on dollar remains bearish and further weakness is possible. The ex-support level at 1.2780 which seemed quite stable over the last two trading days, failed to hold Read More
Monday 09.25.2006
EURUSD daily report, by Liviu Flesar The US Dollar continued to weaken against the Euro during today’s Asian session, resuming the climb into the 1.28 area it started on Friday. Support was found at 1.2780 and while it holds, we will look forward for new tests of 1.2830 which is the first important resistance seen Read More
Friday 09.22.2006
EURUSD daily report, by Liviu Flesar The Euro rallied on yesterday breaching the 1.2750 key resistance, therefore escaping the range of 1.2650-1.2750 giving clues about potential fresh highs into the 1.28 area. The test of 1.28 failed, as the pair seemed exhaused by the time it reached the 1.2780-1.2800 area but the touch of 1.2799 Read More
Thursday 09.21.2006
EURUSD The US dollar continued to weaken against the Euro following the decision by the FOMC to keep the Federal funds rate on-hold at 5.25. The pair continues to trade in a narrow range and so far it couldn’t break the resistance at 1.2725/30. A break of the said resistance will bring the mid 1.27 Read More
Wednesday 09.20.2006
EURUSD daily report, by Liviu Flesar The Euro lost some ground Vs the US Dollar on yesterday, as the pair failed to keep the support at 1.2700 valid. Support is now formed by 1.2650 backed by 1.2630. Resistance is seen at 1.2685, 1.2700, 1.2730 and 1.2755, higher. Momentum is neutral on both daily and hourly Read More
Tuesday 09.19.2006
EURUSD daily report, by Liviu Flesar The Euro moved higher Vs the US Dollar on yesterday as the pair tested offers above the 1.27 mark. Support is now formed by 1.2700 backed by 1.2680 and 1.2655. While the higher levels hold, we expect a test of the first minor resistance which is formed at 1.2735. Read More
Monday 09.18.2006
EURUSD daily report, by Liviu Flesar The dollar rose Vs the Euro on Friday, as the pair tested bids at 1.2630 where it established support then recovered slightly and reached the 1.2660 area where it is seen now. Resistance is formed by 1.2665 and that is being tested at the time of this writing, followed Read More
Friday 09.15.2006
EURUSD daily report, by Liviu Flesar The Euro rallied and tested offers in the mid 1.27 area on yesterday, establishing intraday support at 1.2715, also the 50 fib of 1.2675-1.2755. Support is also seen at 1.2680. Resistance is formed by 1.2735 which is being tested now followed by 1.2755, yesterday’s high, and 1.2830 higher. Momentum Read More
Thursday 09.14.2006
EURUSD The narrow range of yesterday failed to impress or to give much clues about the next direction, momentum being mixed over both hourly and daily studies. Interim support is now seen at 1.2680 followed by 1.2660 and while it holds we are expecting a resume of yesterday’s test aiming into the mid 1.27′s. Resistance Read More
Wednesday 09.13.2006
EURUSD The dollar was stronger Vs the Euro on yesterday as the pair managed to reach lows beneath the 1.27 mark. The Euro failed to breach the support level at 1.2680 so far and it is ranging between 1.2680 and 1.2700. A break of 1.2680 would bring the next support on focus, which is seen Read More
Tuesday 09.12.2006
EURUSD The Euro recovered on yesterday and managed to climb past the 1.27 level. Support was formed at 1.2705 and while it holds, the mid 1.27 area looks like a potential objective. First resistance is formed at 1.2740 followed by 1.2760 and 1.2830. Support backs 1.2705 at 1.2680 and 1.2650. Momentum is slightly bullish on Read More
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