Post Tagged with: "EUR/USD Technical Analysis"
EUR/USD Feb.10 – Pressured by Sisyphean Greek Negotiations
Euro dollar is sliding a bit lower after another late night Greek drama. The level of distrust in Brussels is high: Greece is expected to pass tough austerity and commit to the terms also after the elections before getting any aid. At least the ECB has shown more flexibility to provide some help to Greece, in
EUR/USD Feb. 9 – On Higher Ground After Greek Progress, Before Draghi
Euro dollar broke another minor resistance line and reached new 2012 highs as Greek leaders managed to agree almost on everything, in the hide of the night. The focus now moves to the ECB. Mario Draghi is expected to leave rates unchanged and will be requested to provide answers on the contribution of the central bank
EUR/USD Feb 8 – Bouncing from High Resistance on Slow Greek Progress
Euro dollar bounced off high resistance after the break higher yesterday. Political leaders in Greece made significant steps forward, and also the ECB may be willing to indirectly accept losses on Greek bonds, lowering the debt load on the Hellenic Republic. It seems that Germany counters this concession with a new idea to postpone the lion’s
EUR/USD Feb 7- Waiting in Range for more Greek Cuts
Euro dollar is steady in the middle of the range, as talks between Greek leaders are close to conclusion regarding the terms of the bailout. Greek politicians have little choice, but they want to improve their position before the elections. In the meantime, Germany and France want to segregate the bailout money in a separate account,
EUR/USD Feb 6 – Loses Support on Greek Standoff
Euro dollar started the new week with a slide that turned into a sharper fall, as the standoff in Athens continues. The troika has a non-negotiable list of demands pending a deadline at 10:00 GMT and Greek politicians are finding it hard to bring it to voters. There are doubts that this deadline is real, but
EUR/USD Outlook February 6-10 2012
Euro/dollar remained steady as the US was in the limelight and the debt crisis was on the back burner. Greece returns to center stage. Will a solution be found? Or is a fall awaiting us?. The main event this week is the rate decision. Here is an outlook for the upcoming events and an updated technical analysis
EUR/USD Feb. 1 – Starts Month Under Pressure
Euro dollar starts the new month on lower ground, after breaking below uptrend support. Greek PSI talks are still awaiting an agreement “soon”. How soon is it now? There are doubts if Germany really wants a deal. Important figures are released in the US, which serve as important hints towards the all-important Non-Farm Payrolls on Friday.
EUR/USD Jan. 31 – Rising in Channel While Ignoring Greece and Weak Data
Euro dollar continues it’s near perfect channel trading and moves higher. The EU Summit failed to produce any news regarding the burning issues of Greece and weak figures from Germany and France. The Greek PSI deal is forever “close” as Portugal continues signs of following the Hellenic Republic. End-of-month moves also make the market more choppy.
EUR/USD Jan. 30 – Falls in Rising Channel as Debt Crisis Looms
Euro dollar started the new week with a slide, within the rising channel. The PSI deal is still close but not done. The results of the deal may not necessarily positive, and may weigh on the next domino: Portugal. Leaders meet in Europe once again to find a way forward, and the US starts releasing indicators
EUR/USD Outlook Jan. 30 – Feb. 3 2012
Euro/dollar had a fantastic week, rising on fresh hope for Greece and from a weaker dollar, courtesy of Ben Bernanke. The upcoming week starts with an important summit and is packed with economic indicators. Here is an outlook for the week’s events, and an updated technical analysis for EUR/USD. Bernanke’s pledge to keep interest rates at