EURUSD The Euro recovered on yesterday rising smoothly towards the 1.37 area where the 1.3725 level has been reached during today’s Asian session. Support is currently formed by 1.3690 backed by 1.3660 and 1.3600. Resistance starts at 1.3700 and it is followed by 1.3725, 1.3750 and 1.3770. Daily sentiment remains slightly bearish due to the Read More
Monday 07.30.2007
EURUSD The dollar recovered on Friday and the Euro reached lows in the 1.3630 area. Support is formed by 1.3630 backed by 1.3600 and 1.3560. Resistance emerges at 1.3665 followed by 1.3695 and 1.3750. Daily momentum is bearish and a close above 1.37 is needed to confirm an end of the current retracement, if this Read More
Friday 07.27.2007
EURUSD The Euro closed slightly higher versus the dollar on yesterday but it failed to find support above 1.3750 and it is now giving clues of a potential decline towards the 1.3700 mark. Support is seen at 1.3730 and it is being tested at the time of this writing, backed by 1.3695 and 1.3675. Resistance Read More
Thursday 07.26.2007
EURUSD The dollar gained versus the Euro on yesterday, managing to get below the support levels at 1.3800 and 1.3760, reaching 1.3695 during the US session. Support is formed at 1.3700 backed by 1.3675 and 1.3600. Resistance is noticed at 1.3725 followed by 1.3760 and 1.3800. Daily momentum has been affected by yesterday’s pullback and Read More
Wednesday 07.25.2007
EURUSD The Euro keeps moving on a narrow range consolidating above the 1.38 mark. Support is seen at 1.3800 backed by 1.3775 and 1.3760. Resistance emerges at 1.3830 and 1.3850. Daily sentiment is bullish, hourly is slightly bullish too. We are expecting the Euro to break 1.3850 soon but we are carefully watching the 1.3800 Read More
Tuesday 07.24.2007
EURUSD The dollar recovered a bit on yesterday versus the Euro and the pair closed in the 1.3800 area. Support is now formed at 1.3815 followed by 1.3800 and 1.3775. Resistance emerges at 1.3830 followed by 1.3845 and 1.3900. Daily momentum is bullish and the hourly studies are slightly bullish too. The Euro may continue Read More
Monday 07.23.2007
EURUSD The Euro has set a fresh high on Friday at 1.3840 but more important, it was the first day and week to close above the 1.38 mark. Support is now seen at 1.3830 backed by 1.3815, 1.3800 and 1.3785. Resistance starts now at 1.3840 followed by 1.3855 and 1.3900. Daily momentum is bullish, hourly Read More
Friday 07.20.2007
EURUSD The Euro tested 1.3830 again on yesterday but it couldn’t break it and retraced back into the 1.3790 area. Support is formed at 1.3785 backed by 1.3760 and 1.3730. Resistance emerges at 1.3800 and it is being tested now, followed by 1.3815 and 1.3830 higher. Daily momentum is positive, hourly being slightly bullish as Read More
Thursday 07.19.2007
EURUSD The Euro lost some ground on yesterday versus the dollar but soon recovered as the 1.3760 support held, like it used to do during the last 5 days. Support is currently seen at 1.3785 backed by 1.3760 and 1.3730. Resistance starts at 1.3800 and it is followed by 1.3815 and 1.3830. Higher, the Euro Read More
Wednesday 07.18.2007
EURUSD Yesterday’s session has been quiet and the Euro ranged between 1.2795 and 1.3755 but things changed a bit during today’s Asian session and the Euro rallied against the dollar, setting new record highs at 1.3830. Support is currently seen at 1.3800 backed by 1.3775 and 1.3760. Resistance starts at 1.3830 and it is followed Read More
Tuesday 07.17.2007
EURUSD Not much happened on yesterday’s quiet sessions, the Euro moving between the first support and resistance levels, 1.3760 and 1.3800 respectively. Support is seen at 1.3760 backed by 1.3730 and 1.3700. Resistance starts at 1.3800 and it is followed by Friday’s high at 1.3812 and 1.3850 higher. The daily sentiment is bullish and the Read More
Monday 07.16.2007
EURUSD The Euro continued to explore fresh highs against the dollar and reached 1.3812 on Friday but it failed to find support in the 1.38 area so it retraced back into the 1.3770 zone. Support is seen at 1.3760 backed by 1.3730 and 1.3700. Resistance starts at 1.3790 and it is followed by Friday’s high Read More
Friday 07.13.2007
EURUSD The Euro is pushing higher and it reached fresh highs against the dollar on yesterday, at 1.3798. It seems to be well supported right now in the 1.3775 area. Support backs 1.3775 at 1.3760 and 1.3730. Resistance emergest at 1.3800 followed by 1.3820 and 1.3850. The daily momentum remains highly bullish on the daily Read More
Thursday 07.12.2007
EURUSD The Euro remains firm around its all-time high against the dollar orbiting around the 1.3750 mark. Support is seen in the 1.3730 region backed by 1.3700 and 1.3660. Interim resistance is noticed at 1.3760 followed by the 1.3785-1.3800 region. Momendum is bullish on daily studies, hourly being slightly bullish too. If the Euro resumes Read More
Wednesday 07.11.2007
EURUSD The Euro rose to an all-time high against the dollar on yesterday reaching highs in the 1.3790 area. Support is now seen at 1.3730 backed by 1.3700 and 1.3640. Resistance emerges at 1.3760 and 1.3790. Daily momentum is highly bullish and hourly is neutral at the time of this writing. The Euro may resume Read More
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