EURUSD The Euro failed to attempt a new test of Friday high at 1.2750 on yesterday and it ended up ranging between 1.2700 and 1.2735. Support is formed by 1.2700 backed by 1.2660. Interim resistance is eyed at 1.2730 followed by 1.2750 and 1.2830, higher. The daily studies remain bullish while the hourlies are slightly Read More
Friday 10.27.2006
EURUSD daily report, by Liviu Flesar The Euro extended its gains breaking the major resistance at 1.2660, establishing the daily highs at 1.2700, on yesterday. Resistance emerges at 1.2730, 1.2770 and 1.2830. Interim support is formed by 1.2685. Subsequent floors are seen at 1.2660 backed by 1.2640 and 1.2600. Bullish sentiment is seen on the Read More
Thursday 10.26.2006
EURUSD The Euro rallied on yesterday as a result of the FOMC meeting, resuming the rise during today Asian session. The break of the 1.2600 resistance confirmed the bullish momentum on the daily charts. Resistance is now formed by 1.2640 which is being tested at the time of this writing and 1.2660 higher. Resistance also Read More
Wednesday 10.25.2006
EURUSD daily report, by Liviu Flesar The Euro moved higher Vs the US dollar on yesterday but couldn’t break the resistance at 1.2575 where it established the daily high then declined to 1.2555 where it found intraday support. Higher volatility is expected today due the FOMC meeting in the US and also some european events. Read More
Tuesday 10.24.2006
EURUSD The Euro declined on yesterday giving away most of its previous week gains. Support was found at 1.2540 but if it breaks then we expect 1.2480 to be tested soon. Major medium term support is formed by this 1.2480 and it won’t be an easy task for the US dollar to break it. Resistance Read More
Monday 10.23.2006
EURUSD daily report, by Liviu Flesar After the Euro rally on Thursday, the pair entered a consolidation cycle on Friday and traded in a narrow range of 45 pips. Support is formed by the 1.2600 mark backed by 1.2560, 1.2525 and 1.2480. Resistance is formed by 1.2640 followed by 1.2660, 1.2700 and 1.2730. We expect Read More
Friday 10.20.2006
EURUSD daily report, by Liviu Flesar The Euro resumed its attempts of breaking the mid 1.25 area resistance levels and extended its gains into the 1.26 zone, testing the mid term resistance formed by 1.2630. As we mentioned on our previous report, a break of 1.26 and a daily close above/around the said level would Read More
Wednesday 10.18.2006
EURUSD daily report, by Liviu Flesar On yesterday, The Euro gave some clues about the possibility of testing the superior resistance levels which are built in the 1.26 area, at 1.2630 and 1.2660. The currency strengthened slightly Vs the US dollar as the pair tested offers at 1.2565 then retraced, building support around 1.2540. Minor Read More
Tuesday 10.17.2006
EURUSD The Euro recovered slightly Vs the US dollar, testing offers in the 1.2540 area on yesterday and during today’s Asian session. Resistance is formed by 1.2540 followed by 1.2555 and 1.2575. Higher, it is also seen at 1.2630 and 1.2660. Support is formed by 1.2525 backed by 1.2500 and 1.2480. Bearish momentum is formed Read More
Friday 10.13.2006
EURUSD daily report, by Liviu Flesar The Euro recovered its previous 2 days losses managing to get past yesterday’s high at 1.2565 during today’s Asian session. Support is formed by 1.2550 backed by 1.2525 and 1.2500. Resistance emerges at 1.2610 and 1.2630. The current Euro recovery may continue towards the 1.2630-1.2660 marks where the downtrend Read More
Wednesday 10.11.2006
EURUSD The dollar extended its gains Vs the Euro as the pair continued to decline, breaking the support levels at 1.2585 and 1.2560, establishing the daily lows at 1.2520. Major support now backs 1.2520 at 1.2480. A break of the 1.2480 support level may encourage further bids in the 1.23 area in a matter of Read More
Tuesday 10.10.2006
EURUSD The pair moved sideways in a narrow range on yesterday, being supported by 1.2585, establishing the daily high at 1.2615.Support backs 1.2585 at 1.2560 and 1.2525. Resistance emerges at 1.2630, 1.2670 and 1.2720. The daily charts remain bearish and a break above 1.2660 is needed in order to confirm the potential build of a Read More
Monday 10.09.2006
EURUSD The Euro declined on Friday after the NFP release, closing below the broken support level of 1.2630, establishing the daily lows in the 1.2575 area. Resistance is formed by 1.2630 followed by 1.2670 and 1.2720. Support is seen at 1.2585 backed by 1.2560 and 1.2525. A trend correction looks possible, maybe aiming into the Read More
Thursday 10.05.2006
EURUSD The Euro fell below the support level at 1.2700 on yesterday but found support between the 1.2660-1.2680 levels where it reversed and rose towards the 1.2715 level. The market will probably be quiet and trade in a narrow range ahead of the ECB interest rate announcement at 11:45 GMT. A 25 pt rise is Read More
Wednesday 10.04.2006
EURUSD daily report, by Liviu Flesar The Euro continued to trade in a narrow range on yesterday, declining after the failed test of 1.2760, stalling into the 1.2720-1.2735 area after.If the decline continues towards the 1.26 area and the pair breaks the support at 1.2700, it shouldn’t go much lower due the ECB expected hike Read More
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