EURUSD The dollar advanced a little Vs the Eur on yesterday and the daily low has been set at 1.3406, not breaking the key support at 1.3410 yet. Support is currently noticed at 1.3410 backed by 1.3380 and 1.3350. Resistance emerges at 1.3440 followed by 1.3460, 1.3500 and 1.3520. Daily sentiment remains bearish, hourly momentum Read More
Wednesday 05.30.2007
EURUSD The Euro rallied Vs the dollar on yesterday by breaking the resistance level at 1.3460, barrier which we considered important on deciding if the Euro is ready to recover and focus towards the 1.36 area within the next days. So far, it seems that it’s been a false breakout because the dollar recovered and Read More
Tuesday 05.29.2007
EURUSD The pair traded in a narrow range on yesterday due to the Memorial Day in the U.S. and the Spring Bank Holiday in the U.K. Support is now seen at 1.3420 backed by 1.3410 and 1.3380. Resistance is noticed at 1.3460 followed by 1.3473 and 1.3500. Hourly sentiment is slightly bullish, daily studies are Read More
Monday 05.28.2007
EURUSD The Euro rose back into the higher half area of 1.34 versus the U.S. dollar on Friday, being supported by 1.3415. Support is now seen at 1.3450 backed by 1.3425 and 1.3410. Minor resistance is noticed at 1.3460 followed by 1.3473 and 1.3500. Hourly sentiment is neutral, daily studies are slightly bullish. A daily Read More
Friday 05.25.2007
EURUSD The dollar continued to advance Vs the Euro and it is now trading around the 1.3420 mark. Support is formed by 1.3415 backed by 1.3400, 1.3380 and 1.3350. Resistance emerges at 1.3450 followed by 1.3470 and 1.3500. Momentum is bearish on both hourly and daily studies. The support at 1.3415 was stable so far Read More
Thursday 05.24.2007
EURUSD The Euro is trading sideways after it managed to recover off its lows Vs the dollar. Support was found at 1.3450 backed by 1.3435, 1.3415 and 1.3400. Resistance emerges at 1.3470 followed by 1.3500 and 1.3530. Daily sentiment remains bearish and unchanged and only a close near the half of 1.35 may signal a Read More
Wednesday 05.23.2007
EURUSD The Euro continues to trade near multi-week lows Vs the US dollar orbiting around 1.3450. Support is seen at 1.3435 backed by 1.3420 and 1.3400. Resistance emerges at 1.3470 followed by 1.3500 and 1.3530 higher. Daily sentiment is bearish and there are no clues of a potential reverse, hourly sentiment is slightly bullish. We Read More
Tuesday 05.22.2007
EURUSD The dollar extends gains against the Euro and breached the key medium term support at 1.3460, setting the daily lows in the 1.3435 area. Interim support is seen at 1.3450 followed by 1.3435 and 1.3420. Lower, support is also noticed at 1.3400. Resistance starts at 1.3470 followed by 1.3500 and 1.3530 higher. The daily Read More
Monday 05.21.2007
EURUSD The Euro managed to climb above 1.3500 on Friday being supported by the medium term key barrier at 1.3460. Support is now seen at 1.3500 backed by 1.3460 and 1.3420. Resistance emerges at 1.3545 followed by 1.3585, 1.3610 and 1.3680. Hourly momentum is neutral and the daily sentiment is slightly bearish but we can Read More
Friday 05.18.2007
EURUSD The dollar extended its gains on yesterday and the pair reached lows in the 1.3475 area after breaking the support level at 1.3500. Support is currently seen at 1.3475 backed by the key barrier at 1.3460 and 1.3430 lower. Resistance emerges at 1.3500 followed by 1.3525 and 1.3545. Daily momentum is bearish and the Read More
Thursday 05.17.2007
EURUSD The dollar remains firmer across the board after recovering its recent losses Vs the Euro on yesterday by breaking the key support at 1.3560. Support is seen at 1.3500 backed by 1.3460 and 1.3420. Resistance emerges at 1.3560 followed by 1.3580 and 1.3610. Daily sentiment is bearish, hourly is neutral. A break of the Read More
Wednesday 05.16.2007
EURUSD The Euro rallied Vs the U.S. dollar on yesterday and after several tests it managed to breach the 1.3560 resistance, this way being encouraged to climb higher. The Euro is now supported by 1.3585, 1.3560 and 1.3525. Resistance emerges at 1.3610 followed by 1.3625, 1.3650 and the record high at 1.3680. Daily sentiment is Read More
Tuesday 05.15.2007
EURUSD The market moved sideways on yesterday and the Euro lacked the necessary strength to break 1.3550. The pair has to find support in the 1.3550 area in order to advance forward, towards the 1.3620 level and even 1.3670. Support is currently formed at 1.3520 backed by 1.3500 and 1.3465. Resistance emerges at 1.3550 followed Read More
Monday 05.14.2007
EURUSD The Euro rose back into the 1.35 area versus the U.S. dollar on Friday, being supported by 1.3510. Support is now seen at 1.3520 backed by 1.3500 and 1.3465. Minor resistance is noticed at 1.3550 followed by 1.3560, 1.3580 and 1.3600. Hourly sentiment is bullish, daily studies are slightly bearish but losing strength, a Read More
Friday 05.11.2007
EURUSD The Euro resumed its decline on yesterday and it breached the key support at 1.3530, increasing the chances of an extended decline towards the 1.33 area. Support is now seen at 1.3463 backed by 1.3450, 1.3420 and 1.3400. Resistance emerges at 1.3480, 1.3500 and 1.3560. Daily sentiment is bearish, hourly is neutral. After losing Read More
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