EURUSD The Euro traded in a narrow range of 40 pips on yesterday, being supported in the 1.2950 area. Support is formed by 1.2950 backed by 1.2915 and 1.2890. Resistace is seen at 1.2980, followed by 1.3 and 1.3045. The current neutral sentiment would change if the pair exists the current range of 1.2945-1.2980 but Read More
Tuesday 01.30.2007
EURUSD daily report, by Liviu Flesar The Euro recovered on yesterday as the resistance at 1.2930 breached, and it found support in the 1.2950 area. The current recovery may continue but however, 1.3 is expected to be a strong barrier. Support is currently noted at 1.2950 backed by 1.2915 and 1.2890. Resistance starts at 1.2970, Read More
Monday 01.29.2007
EURUSD The dollar keeps the Euro under heavy pressure in the lower 1.29 area being supported by the speculations that the Federal Reserve will retain a hawkish bias at this weeks Fed meeting. Support is formed by 1.29 backed by 1.2873 and 1.2860. Resistance is noticed at 1.2930 followed by 1.2955 and 1.3. A break Read More
Friday 01.26.2007
EURUSD The Euro failed to breach the resistance at 1.3 on yesterday and declined once again, breaking the support level at 1.2975. The 1.8 area is under high pressure and a break of the support at 1.29 may accelerate the decline towards the lower area of 1.28. Support is currently formed by 1.29 backed by Read More
Thursday 01.25.2007
EURUSD daily report, by Liviu Flesar The 1.3 barrier failed to hold and the Euro fell, setting the daily bottoms into the mid 1.29 area. Good support was found here around 1.2950 where an upward trendline started on 13 of October at 1.2480 is seen. It may be a solid ground which may encourage new Read More
Wednesday 01.24.2007
EURUSD daily report, by Liviu Flesar The Euro rallied on yesterday and exited the range established in the 1.29 area, breaking the resistance at 1.3. Support was found at 1.3005 which is backed by 1.2975, 1.2930 and 1.2900. Resistance is now seen at 1.3035, 1.3055 and 1.31. As we mentioned before, a close above 1.3 Read More
Tuesday 01.23.2007
EURUSD The Euro closed lower V.S the U.S. dollar on yesterday, signaling that the downside is still favored. However, a break out of the current range established in the 1.29 area is needed to confirm either a resume of the Euro decline or a recovery. Good intraday support is formed at 1.2925 backed by 1.2910 Read More
Monday 01.22.2007
EURUSD The Euro failed to break 1.3 on Friday and fell, testing bids in the 1.2910 area. The recovery which brought the Euro back into the second half of 1.29 may suggest a potential new test of 1.3 soon. Support is now formed by 1.2950 backed by 1.2925 and 1.2895, lower. Resistance starts at 1.2977 Read More
Friday 01.19.2007
EURUSD The Euro tested bids again at 1.2895 on yesterday, establishing an intraday double bottm. The reverse resumed on today’s Asian session and the Euro rose 100 pips, testing 1.3 this morning. Support is now found at 1.2975 backed by 1.2950, 1.2930 and 1.2895. Resistance starts at 1.3, followed by 1.3055. Daily sentiment is slightly Read More
Thursday 01.18.2007
EURUSD The dollar failed to drag the Euro into the 1.28 area on yesterday and the Euro receovered, extending its gains during today’s Asian session. Support is now formed by 1.2950 backed by 1.2930 and 1.2900. Resistance is seen at 1.2990 followed by 1.3015 and 1.3055. Daily momentum is still bearish but losing strength and Read More
Wednesday 01.17.2007
EURUSD The Euro failed to break 1.2990 on its attempt to reach 1.3 on yesterday and dipped to 1.2910 where it found intraday support. Support backs 1.2910 at 1.2880 and 1.2860. Resistance emerges at 1.2950, 1.2990 and 1.3065. Bearish momentum is noticed on daily studies. Hourly charts are neutral. The pair seems trapped in the Read More
Tuesday 01.16.2007
EURUSD The Euro traded sideways on yesterday and a new intraday resistance is set at 1.2955, also the 61.8 retracement of the 1.3012-1.2860 move of last week. We do not expect the said level to hold and we’re looking forward for a potential test of 1.3. Support is seen at 1.2925 backed by 1.2880 and Read More
Monday 01.15.2007
EURUSD After testing bids below the 1.28 mark on Friday, setting fresh lows at 1.2860, the Euro managed to recover its daily losses and closed higher Vs the U.S. dollar. Support is seen at 1.2910 backed by 1.2880 and 1.2860. Resistance was found at 1.2940 and it is followed by 1.3 and 1.3065. Daily sentiment Read More
Friday 01.12.2007
EURUSD After a minor recovery setting the daily highs in the 1.3015 area, the Euro declined, testing bids in the 1.2880 area. A full break below 1.2900 may extend the decline towards November’s lows in the 1.27 zone. Support is now seen at 1.2880 backed by 1.2850 and 1.2800. Resistance starts at 1.2910 followed by Read More
Thursday 01.11.2007
EURUSD daily report, by Liviu Flesar The U.S. dollar extended its gains across the board on yesterday, setting fresh highs Vs the European currency, testing bids in the 1.2930 area. A minor Euro recovery occured during today’s Asian session but we believe that the downside is still favored. Support is formed by 1.2950 backed by Read More
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