EURUSD: Retarget Of The 1.4361 Level Builds Up

As EUR began the week/month on the bullish side rallying sharply higher in early trading today, its strong overhead resistance residing at the 1.4361 level (Dec 29’08 high) is now being targeted. EUR remains medium term bullish and a clean break through the latter level will call for further strength… Read more….

Forex: EUR/USD slides down after US PCE data (The Forex Market)

FXstreet.com (Barcelona) – EUR/USD has fallen slightly after the US PCE better than expected data, which showed the income of Americans unexpectedly surged. The pair is fighting for the 1.4200 level after falling from 1.4245, 5-month high in the early European session.

Forex: EUR/USD rejects from 1.4170, back to 1.4100 (The Forex Market)

FXstreet.com (Barcelona) – EUR/USD has reached a new 5-month high at 1.4170 but it has been rejects strongly about 70 pips to tests 1.4100 level. Currently the pair is trading around 1.4125/35, 1.30% above today’s opening price.

EUR/USD Climbs Past Key 1.40 Level

The EUR/USD has climbed steadily through all of our trend lines, 1.40, and is currently trading just above May 22 highs. This is a very bullish move, and it appears the currency pair is on the verge of a near-term breakout to the upside. The key will be sizable volume… Read more….

Forex: EUR/USD reaches 1.4165, fresh 5-month high (The Forex Market)

Fxstreet.com (Barcelona) – After finding support at 1.4070 from its 65 pips declines from 1.4135, EUR/USD has rebounded strongly to break 1.4135 level and post 1.4165 as new 5-month high. Currently the pair is trading around 1.4145/55, 1.45% above today’s opening price.

Chart Of The Day: EUR/USD

Price action on EUR/USD (a daily chart of which is shown), despite a bearish correction, continues to traverse a steep, short-term uptrend channel. This correction occurred after price retreated earlier this week from the key 1.4050 resistance. Currently, the pair is attempting to regain the ground lost during the correction,… Read more….

Markets rise again; EUR/USD tests 1.3980 (The Forex Market)

FXstreet.com (Córdoba) – U.S. markets bounce back and are rising now. Dow Jones is up 77 points to 8378, after being below 8300. Crude-oil futures extends gains after data showed a drop in inventories. EUR/USD tested again 1.3980 (intra-day high) which is holding as a strong resistance.

EUR/USD Daily Commentary

The EUR/USD is recovering some of yesterday’s losses incurred from the selloff in U.S. equities. The currency pair is re-approaching our 1st tier uptrend line after Germany’s unemployment change number came in much better than expected. The fact unemployment change has exited the 40k-60k range is very encouraging for the… Read more….

Forex: EUR/USD climbs above 1.3950 after the US opening bell (The Forex Market)

FXstreet.com (Barcelona) – EUR/USD has risen more than 100 pips after the Wall Street opening bell from 1.3850 to break 1.3900 resistance (EMA55 level) and reach a new intra-day high at 1.3955. Wall Street has opened higher fuelled by energies and basic materials after the better than expected US April Durable Good orders.

EUR/USD Daily Commentary

The Euro is depreciating against the Dollar as the EUR/USD’s volume dips. The currency pair’s impressive bull-run is cooling off below the highly psychological 1.40 level, and could get squeezed between our 2nd tier downtrend line and 1st/2nd tier uptrend lines. The relative weakness of the Euro is reflected in… Read more….

EUR/USD Current price: 1.3994 (The Forex Market)

FXstreet.com (Buenos Aires) – EUR/USD Current price: 1.3994. Pair regained the upside after Wall Street positive boost, and pair returned to consolidation mode around the 1.4000 zone.

Forex Market Update: EUR/USD Tips Lower in European Trading (Daily FX)

EUR/USD found support after losing nearly 75 pips since the European open. Demand from an Asian central bank has underpinned ahead of 1.3900 after safe haven flows triggered broad interest for JPY and USD in early Europe.

Forex: EUR/USD finds support at 1.3960 and rises close to 1.4000 (The Forex Market)

Fxstreet.com (Barcelona) – EUR/USD has found support at 1.3960, intra-day low and it is rising around 30 pips in the last two hours to reach 1.3995 and test the 1.4000 field. currently the pair is trading around 1.3985/95, 0.10% below today’s opening price.

Eur/Usd, Gold Elliott Wave Analysis

Euro made another push up against the US dollar and finally hit our Fibonacci target area. The 1.3737 area acted perfectly as support in the blue wave iv, for a higher wave v price, as highlighted yesterday. If the wave count is correct then the market should make a turning… Read more….

EUR/USD Technical Analysis

Euro is currently pressing against the rising channel trendline with the 4-hourly stochastic being overbought. This may bring retracement upto 1.3750-1.38 levels. On the other hand, the daily stochastic is overbought with no clear selling indication. Decisive break of the trendline resistance (1.3955) can pave way for the next resistance… Read more….

Forex: EUR/USD hits 1.4051 fresh 4-month high (The Forex Market)

FXstreet.com (Córdoba) – Euro keeps climbing against the Dollar. EUR/USD recently went above 1.4040 to test 1.4050. The pair continues its up trend. The par has risen 50 pips during the American Session. Current price at 1.4041 is 1% above today’s opening price.

EUR/USD Nears Convergence Point

Although there is a potential for a breakout as the pair attempts to breach the upper trend line for the 4th time, it is likely that the pair continues to trade within the pattern. The resistance from the top trend line and the resistance zone of 1.3950 should exhibit strong… Read more….

Trend of the Day – EUR/USD (Daily FX via Yahoo! Finance)

The EUR/USD continues to be my Trend for the Day as there is plenty of upside before significant resistance is reached.

Forex: EUR/USD tests 1.3700 level (The Forex Market)

FXstreet.com (Barcelona) – EUR/USD has risen further after the Portugal’s finance minister comments about Euro Zone is not concerned over a stronger Euro, and the pair has reached 1.3710, fresh 1-week high.

EUR/USD Sell Recommendation Issued @1.3740 (Daily FX)

Eur/Usd: We have been writing of the likelihood that the recent 1.3740 trend highs will be taken out before considering any real chance at the next major USD bull run.

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