EUR/USD Backs Away from 1.40

The EUR/USD popped slightly yesterday as Tuesday’s positive economic sentiment data carried over into Wednesday’s session. However, Wednesday’s rise failed to touch 1.40 and the EUR/USD is consolidating around our 3rd tier uptrend line right now. When viewing the 1-hour, we notice the currency pair continues to register larger volume… Read more….

EUR/USD Current Price: 1.3953

EUR/USD current price: 1.3953. The currency pair followed stocks and moved in a short-term consolidation range higher, basing at 1.3925. With momentum and RSI pointing to the upside, price above 200 EMA and 20 SMA with a bullish slope, an upside rally seems likely if the pair breaks above yesterday’s high at the 1.3985 to [...]

Euro / Dollar Resistance at 1.4025

Staying below 1.4181 keeps the trend pointed down.  The series of lower highs and lows since 1.4340 may be a series of 1st and 2nd waves.  Under this scenario, the next decline will be a third of a third (powerful).  It is also possible that the current decline is wave 4 of a diagonal from [...]

EUR/USD Breaks below its Neckline on Climbing Volume

The EUR/USD broke below our neckline yesterday, logging the selloff we anticipated. Yesterday’s move came on large volume, continuing the theme of considerable activity to the downside. So far this month we’ve seen rising volume to the downside on 6/4, 6/5, 6/10, and now 6/15. The heightened interest on the… Read more….

Chart Of The Day: EUR/USD

Price action on EUR/USD, a daily chart of which is shown, has formed a rough head & shoulders pattern that hints at a significantly bearish reversal potential if price is able to continue its break below the 1.3800 region. The H&S pattern is rough because the right shoulder is significantly… Read more….

EUR/USD Falls Below 1.3800

EUR/USD has accelerated its decline after the US opening session, and the pair has fallen below the 1.3800 level and has posted the 1.3780, 3-week low. The Euro has lost 60 pips against the Dollar in the last hour. On the day, the pair is falling 1.45% from 1.3980 opening price to the current 1.3785/95. [...]

EURUSD: Breaks Down, Turns Focus To The 1.3805/1.3738 Region

EUR turned sharply lower in early morning trading today following through to the downside on its Friday losses and wiping out its last weeks gains to expose the 1.3805 level , its Jun’09 low and the 1.3738 level, marking its Mar 19’09 high. We envisage that these levels should hold… Read more….

EUR/USD Finds Resistance at 1.4040

The Euro recovered part of early losses against the Dollar. During the American session, EUR/USD has risen 70 pips, stopping at the resistance zone at 1.4040. Now the pair is moving in a range between the already mentioned zone and 1.4010. So far today, EUR/USD is 0.43% below today opening price. Read more…

EUR/USD Below 1.4100

Markets in the U.S. ended the session with gains. The Greenback is attempting some recovery after an opposite rally that brought GBP/USD above 1.6600 and EUR/USD on top of 1.4100. EUR/USD is now below 1.4100 again. Read more about the Euro and the U.S. Dollar…

EURJPY: Consolidating With Eyes On The Upside

EURJPY: As the cross continues to consolidate its recent run to the upside, it is still expected to head back up on ending that consolidation thereby resuming its medium term uptrend started the 112.09 level. In order for the EURJPY to signal an end to its current consolidation, a break… Read more….

Euro Falls Below 1.3950 Against the Dollar

The Greenback is extending gains during the American session. EUR/USD has recently fallen below 1.3950 to 1.3931. Since the opening bell on Wall Street, the pair has lost more than a hundred pips. So far today, the pair is losing 0.90% from the opening price. Below intra-day low at 1.3931; the next support is located [...]

EUR/USD Moves Higher Despite Weak French Industrial Production

The EUR/USD is rebounding past 1.40 despite weaker than expected industrial production numbers from both Germany and France over the past two sessions. Therefore, the EUR/USD is taking its cue from rising crude and S&P futures along with an appreciating Pound following Britain’s positive manufacturing production release. In fact, the… Read more….

Technical Analysis Daily: EUR/USD

Euro/Dollar attempt to drop yesterday, reaching a bottom at 1.3853, but further bearish impetus was rejected as the currency couple rose with nearly 250 pips, closed the day at 1.4064. Signals are neutral at the moment. Today we may have more upward pressure and any movement over the 1.4100 resistance… Read more….

EUR/USD Sets Its Sights On 1.40

The EUR/USD continues its balancing act from our 2nd tier uptrend line, and is making a push for the psychological 1.40 level. Despite the recovery from 5/28 lows, volume is declining with the upward movement, signaling a lack of support to the upside. The largest volume we’ve seen in the… Read more….

Staying Short EUR/USD (Daily FX via Yahoo! Finance)

My picks: Staying Short EUR/USD Expertise: Fundamentals Combined With Technicals Average Time Frame of Trades: 1 Day – 1 Week

EUR/USD Fights Back Above 5/28 Lows

Last Thursday’s pullback on large volume was a warning sign, as we had feared. The EUR/USD has continued its slide on heavy action, dropping back below the psychological 1.40 level. Volume remained at elevated levels during Friday’s downturn, confirming the conviction of the pullback. Fortunately for bulls, the EUR/USD has… Read more….

Sell EUR/USD in a break of 1.3790 (Daily FX via Yahoo! Finance)

My picks: Sell EUR/USD in a break of 1.3790 Expertise: Global Macro Average Time Frame of Trades: 1 week

Daily Forex Outlook: EUR/USD

The chart shows my working count for the movement started from 1.6038 (15.07.2008). I think it is corrective in nature and is developing as a flat correction. Wave A of it turned out to be a double corrective combination ended with a triangle. Wave B is currently developing. It has… Read more….

Eur/Usd: Bearish Wave Count, S&P Futures: Wave 4 top

The dollar is trading higher against the euro after a volatile turning point on Friday in reaction to the NFP report. We can see that the 76.4% retracement (1.4719 – 1.2456) held very well in the past week, with prices already trading 300 pips below it. The market has also… Read more….

Forex Market Update: EUR/USD Declines Ahead of Sentix Investor Confidence Survey (Daily FX)

EUR/USD came back under pressure to hit European lows of 1.3901. Selling was noted from European interbank names and model funds from 1.3960, while option related sellers also came back to the fore amid reports of more euro put interest.

« Previous Page — Next Page »