Currency Newswire » EUR USD

EUR/USD Falls to 1.3600

admin — Fri, 12 Nov 2010 04:44:00 +0000

The Euro continued losing ground against the US Dollar on Friday, favoring further speculative flows into the pair, as the price just landed on a new 5-week low at 1.3601. The current price rebounded to 1.3625.

Jitters on the Irish debt problems are taking their toll on the Euro.

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EUR/USD Slips Back Towards Daily Lows

admin — Wed, 10 Nov 2010 05:13:31 +0000

The Euro is faced with further difficulties to sustain buying interest against the US Dollar. After an early acceleration to test support at 1.3735, an upside correction followed, yet faltered at 1.3790. The brief peak at daily highs triggered the bearish trend resumption. At present, the price just set a new low at 1.3734.

According to Sean Lee at Forex Live: “Neither the EUR nor the USD is in great shape at the moment so its a matter of market positioning and flows to determine the short-term trends and ranges.”

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EUR/USD Forex Technical Analysis Round-Up

admin — Mon, 08 Nov 2010 23:57:11 +0000

On Monday, the euro lost ground from it’s high of 1.4285 on Thursday to trade at the 1.3900 level against the U.S. dollar in European morning currency market trading.

As of around 10:50 A.M. GMT, the euro was trading at 1.3920, down 0.98% from its open on the day of 1.4061.

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EUR/USD Retreats

admin — Thu, 04 Nov 2010 21:25:55 +0000

The Euro lost upside momentum during the American session and retreated from 9-month highs at 1.4280 to 1.4185. EUR/USD currently is hovering around 1.4200, almost a hundred pips above the price it had at the beginning of the Asian session.

EUR/USD Spikes, Then Falls After Fed Announcement

admin — Wed, 03 Nov 2010 22:15:01 +0000

The EUR/USD has spiked as traders anticipating a large move in the Fed’s policy have seen the numbers come out, and are presently expressing their point of view.

The Federal Reserve has said that they plan on an additional $600 Billion in stimulus policy, which is on the low-end of most estimates. The market has shown a rejection of the expansion of the euro, at least for the short time.

EUR/USD Tests Session’s Lows

admin — Wed, 03 Nov 2010 02:52:22 +0000

After the Euro managed to close a daily bar above the 1.4000 level against the Greenback for the first time since October 14, EUR/USD is backing away from highs this Wednesday in Asia as investors remain cautious, squaring positions ahead of the FED monetary decision.

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EUR/USD Holds Above 1.3880

admin — Tue, 02 Nov 2010 05:27:50 +0000

EUR/USD continues to move sideways in Asia as traders remain cautious ahead of the RBA rate decision. The pair dropped toward an intraday low at 1.3881, although it failed once more to extend below the 1.3880/70 area that has been supporting the pair for the last four sessions.

EUR/USD Decline Supported by 1.3892

admin — Fri, 29 Oct 2010 04:17:26 +0000

The US Dollar gained marginally against the single currency on Friday, as traders flew to safety assets, mainly driven by positional adjustments on the belief the Fed will expand briskly its quantitative easing program next Nov 2.

Euro Looks for Bid with Prospect for QE Increasing

admin — Wed, 27 Oct 2010 20:41:32 +0000

Markets continue to debate the possibility and the scope of quantitative easing from the FOMC which has lead to shifts in dollar sentiment. The EUR/USD has started to carve out a short-term range as the pair has become a proxy for overall greenback direction.

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Dollar Holds Steady Against Euro

admin — Tue, 26 Oct 2010 21:47:21 +0000

In trading today, the dollar managed to pick up against the euro, which has encountered technical resistance and has struggled so far to stay above the $1.40 barrier.

The downward move in EUR/USD is most likely attributable to investor wariness over what the Federal Open Market Committee will decide in its November meeting. The uncertainty of the effects quantitative easing will have has pushed many investors away from making big moves either for or against the dollar –with a slight hedge in the dollar’s favor.

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EUR/USD: Option Plays Still the Dominant Factor

admin — Tue, 26 Oct 2010 21:44:42 +0000

No change in the prognosis here with heavy demand below 1.3850 providing a base overnight, and there is also talk of barriers at 1.3800 which will be protected.

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EUR/USD Retreats Further Towards 1.3900

admin — Tue, 26 Oct 2010 00:08:01 +0000

The Euro extended its late US decline passed 1.3933, Monday’s low, falling to find support at 1.3907, a new daily low. The pair was taken higher to 1.4079, a one-week high on Monday, but the 1.4000 level continues denying further bullish scope.

EUR/USD Back to 1.3950

admin — Mon, 25 Oct 2010 23:59:13 +0000

EUR/USD Current price: 1.3942. Wide ranges and strong volatility continue, with the pair entering the Asian session around past Sunday opening despite reaching an intraday high around 1.4077. The Euro lost momentum, as investors continue taking profits out of the table quite fast, and working with tight stops.

Euro Rallies Due to Federal Reserve Report

admin — Wed, 20 Oct 2010 21:27:54 +0000

After being shelled in forex markets for the past three days, the euro managed to stage a rally against the dollar in trading today – albeit due to the dollar falling across the board with the news of a report confirming quantitative easing is forthcoming.

Today, a source from Medley Global Advisors released news about a report concerning the Federal Reserve and planned monetary policy for the November meeting. The report stated that the Fed plans to purchase $500 billion worth of U.S. Treasury securities over a six-month period, beginning in November.

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EUR/USD Analysis

admin — Tue, 19 Oct 2010 21:59:53 +0000

With the recent weeks of positive news for EUR/USD, one would suspect that the upward trend should continue with plenty of support coming from ongoing weakness with the dollar.

Today’s drop for the euro, though, mixed with a bit of technical analysis, could prove otherwise.

In trading today, the euro fell 1.51% against the dollar to 1.3734, well below the previous high above the 1.400 mark reached last week.

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EUR/USD Approaches 1.4000

admin — Mon, 18 Oct 2010 20:35:33 +0000

FXstreet.com (Buenos Aires) – EUR/USD is back on track as the cross approaches the 1.4000 level, after setting an intraday low around 1.3830 early in the European opening. The pair has been rising at a steady pace since then, and the pair is less than 10 pips away from the strong psychological level.

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EUR/USD Consolidates Gains

admin — Thu, 14 Oct 2010 21:32:50 +0000

FXstreet.com (Barcelona) – The Euro’s rally from 1.2650 on Sept 10 broke into new higher ground in Asian trade this Thursday, after breaching the upside hurdle at 1.4025, with European traders completing the job by dragging the price further up to 1.4121, a new 9-month high.

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EUR/USD Posts Fourth Weekly Gain in a Row

admin — Fri, 08 Oct 2010 22:49:14 +0000

FXstreet.com (Córdoba) – The Euro finished on Friday above 1.3900 and posted the highest weekly close since January. EUR/USD has risen more than 1250 pips since the beginning of September and continues to move with a clear upside bias.

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Forex: EUR/USD Holds Close to Daily Highs

admin — Wed, 06 Oct 2010 03:22:25 +0000

FXstreet.com (Córdoba) – The Euro retreated from 1.3858 to 1.3828 but remains trading close to the highs, consolidating a daily gain of more than 150 pips. EUR/USD is headed toward the highest daily close since early February.

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EUR/USD Forex Technical Analysis

admin — Mon, 04 Oct 2010 20:18:19 +0000

As of around 6:07 P.M. GMT on Monday, the euro pulled back from Friday’s 6-month high against the dollar, halting its recent rally in late U.S. currency market trading.

This is what the analysts say about the heavily traded currency pair in the near-term:

According to Actionforex, further EUR/USD downside movement should be contained by long-term support at 1.3286 and bring about a resumption of the rally.

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