Forex: EUR/USD remains below 1.3700 ahead ECB rate decision (The Forex Market)

FXstreet.com (Barcelona) – The Euro’s recovery against the Dollar from 1.3630 intraday low, reached in the early European session, has continued throughout the session to test 1.3700 level. Currently the EUR/USD has retreated to 1.3680, trading 0.10% below today’s opening price action at 1.3695.

Eur/Usd (Daily FX via Yahoo! Finance)

After a strong move down, the EUR/USD seems to be taking a breather and trading within a range. The reason can be found here on an economic calendar at DailyFX.

Chart Of The Day: EUR/USD

After breaking out yesterday above the last major high of 1.4445 within the current uptrend, price action on EUR/USD has hit its initial upside resistance target at the top of a parallel uptrend channel that the pair has been traversing since early June. In the process, this currency pair has… Read more….

EURUSD: Calm After The Storm

Having rallied strongly on Tuesday breaking above its key resistance at the 1.4446 level to resume its medium term uptrend, EUR was seen digesting those gains in early trading today. The immediate challenge for the pair is to maintain above the 1.4446 level and keep its break higher valid thereby… Read more….

EUR/USD Current Price: 1.4498 (The Forex Market)

FXstreet.com (Buenos Aires) – EUR/USD Current Price: 1.4498. Pair remains strongly bullish despite overbought, with downside capped by the 1.4470 area 20 SMA in the hourly with a strong bullish slope; hourly charts point for a downside correction, favored by Nikkei opening to the downside 0.5%, although any downside movements should remain short lived in [...]

Forex: EUR/USD rebounds at 1.4485 and back above 1.4500 (The Forex Market)

FXstreet.com (Córdoba) – The recovery of the Dollar against the Euro found support at 1.4485. EUR/USD rebounded and now is back above 1.4500. The pair rose early to 1.4532 posting a fresh high for the year.

Eur/Usd: Bullish Aproach To 1.4444

On the daily chart shown below, we are looking for a higher wave 5 target of a red wave C, as the market is trading higher and higher, driven by higher commodities and equities in the last few days. The prices are also threatening our critical resistance area at 1.4326,… Read more….

EURUSD: Looks To See Further Downside Pressure

Having turned off the 1.4177 level, its Jun 11’09 on Wednesday and followed through lower on Thursday, potential for further downside weakness continues to be seen though an early morning recovery higher was seen today. With this view supported by its bearish stochastics, we envisage weakness to initially target its… Read more….

Daily Forex Outlook: EUR/USD

EUR/USD has formed at least few years high last year at 1.6038 (15.07.2008). The subsequent sell-off was very sharp but turned out to be corrective in nature – flat correction. Wave A of it finished at 1.2549 (4 December 2008) and the following movement is wave B. My wave count… Read more….

EUR/USD Bounces Back Above 1.40

The EUR/USD’s upswing on Friday fell short of 6/24 highs as we anticipated since volume wasn’t strong enough to create a more significant movement to the upside. The currency pair is propelling from our 2nd tier uptrend line on Monday after the EU reported a better than expected consumer sentiment… Read more….

EUR/USD Rises Above 1.4080 to 1.4100

After testing the zone of 1.4080 several times during the day, the Euro finally broke out. EUR/USD rose to 1.4099, hitting a fresh intra-day high. The pair is 0.20% above today’s opening price. The next resistance is located at 1.4115. Read more…

EUR/USD Strengthens Back Above 1.40

The EUR/USD cut its losses yesterday above June 22nd highs, and is presently retesting June 24th highs along with our previous top-end 1.4097 resistance. However, we take note the EUR/USD’s current movement upward is occurring on declining volume, making a technical breakout to the upside today unlikely. On the other… Read more….

EUR/USD Retreats on Considerable Volume

The EUR/USD is continuing its streak of unpredictable behavior. A day after the EUR/USD got back above 1.40 on increasing volume, the currency pair retreats on even larger volume the next session. We believe this pattern is a result of heightened investor anxiety, indicating the Dollar is at a critical… Read more….

EUR/USD Climbs Past 1.40 on Rising Volume

The EUR/USD has successfully surpassed the psychological 1.40 level and our previous 3rd tier downtrend line on substantial volume. Therefore, the currency pair may have what it takes to buck the near-term downtrend. The EUR/USD is strengthened despite disappointing PMI data from the EU yesterday. The GBP/USD is also climbing… Read more….

EUR/USD Finds Support at 1.4070

The Dollar has fallen hard today. In the last hours, it was able to recover a small part of its losses. EUR/USD found support at 1.4070 after pulling back from 1.4105. The Euro was able to finally break above 1.4000 on Tuesday. The current price at 1.4080 is 1.63% above today’s opening price. Read more…

EUR/USD Turns Course to Retest 1.40

The EUR/USD has taken a step up from the inflection point of our 2nd tier uptrend and downtrend lines despite unexciting economic data. Most of the PMI numbers from the EU today came in at or below analyst expectations while Germany’s consumer confidence surprised to the upside. The EU’s manufacturing… Read more….

EUR/USD Rejects 1.3900 and Falls to 1.3850

After rising around 70 pips from 1.3830 to test the 1.3900 resistance in the last hour, EUR/USD has been rejected by 1.3902 to levels below 1.3850. Currently, the pair is trading around 0.70% from the opening price to the current 1.3845/55. Read more…

Eur/Usd 1.3747 Break in this Week?

Eur/Usd pair is trading quite lower, as a corrective blue wave ii looks to be completed with a double zig-zag correction, topped at 1.4007, just below the 61.8% retracement area. The 61.8% Fibonacci level is a typical wave ii retracement zone, which means that prices should continue to slide, so… Read more….

EURUSD: Trapped In A Channel

While a reversal ahead of its key support residing at the 1.3738 level, its Mar 19’09 high has now stalled, EUR now sees threats of further corrective declines as long as it is trading within its ST falling channel. The above mentioned support will be targeted on lower prices where… Read more….

EUR/USD Rejects 1.4000 and Falls to 1.3950

The Euro’s spike against the Greenback on the better-than-expected Philadelphia Fed Business Index has found resistance at the 1.4000 level, and the pair has been launched down to test the 1.3950 support (MA-200 level in hourly chart). Currently, the pair is trading around 1.3955/65, losing its profit and going 0.10% below today’s opening price. Read [...]

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