Post Tagged with: "EUR/USD Technical Analysis"
EUR/USD July 26 – Breaking Long Term Resistance on Dollar’s Fall
Euro dollar made a break above long term downtrend resistance as the dollar loses ground across the board. The public disagreement between the political sides in Washington got the markets selling off the dollar, also against the euro, and despite European worries. We have quite a few US indicators today. Where will it go? Here’s a
GBP/USD Recovering, EUR/USD Hesitant – Technical Analysis
GBPUSD: Recovery Strength Highlights The 1.6546 Level. GBPUSD: With a second week of recovery gains seeing GBP closing higher the past week, further upside gains is expected towards the 1.6546 level, its May 31’2011 high. On a clearance of this level, additional strength will aim at the 1.6743 level, its 2011 high and then the 1.6900
EUR/USD July 22 – Enjoying the EU Summit, But Capped Under Critical Resistance
Euro dollar is trading at the higher range it reached after the news about the agreement broke out. The markets are still awaiting words from rating agencies. In the meantime, more signs of German slowdown appear, and the pair capped by long term downtrend resistance. Will it manage to further enjoy the decision and break higher?
EUR/USD July 20 – Trading in Range, Looking for Direction
Euro dollar is making another push upwards, but yet again, it is limited to a range. Although expectations have been lowered, the European summit tomorrow causes tension which limits the pair. When will it burst? Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian session: A very quiet
EUR/USD Outlook – July 18-22
Euro/dollar had another roller coaster week, testing deeper waters. Apart from the ongoing debt crisis, there are quite a few indicators this week. Here is an outlook for these events, and an updated technical analysis for EUR/USD. After junking Portugal and Ireland, Spain and Italy may face credit rating downgrades as well. A default in
EUR/USD July 15 – Slide Continues Ahead of Stress Tests
Euro dollar continues to slide lower, as tension mounts towards the stress tests for the European banking system. These could prove to be a lose lose situation for the euro. The pair is also pushed lower by the lower chances of QE3. We’ll get to see how real this is with fresh inflation figures from the
EUR/USD July 14 – Sliding Lower, Losing Steam
Euro dollar is consolidating its recovery, partially enjoying the dollar’s weakness across the board. The dollar suffers from the credit rating warning from Moody’s as well as the stronger talk about QE3. A big bulk of economic data is expected from the US. It isn’t too rosy in Europe, as yields are going once again. Here’s
EUR/USD July 13 – Pressured Down by Irish Downgrade
Euro dollar is heavily pressured to the downside after Moody’s downgraded Ireland to junk. The recovery, fueled by speculation of QE3 in the US and by some hope for a magical solution seems like a temporary correction. Are we about to see the next leg downwards? Here’s a quick update on technicals, fundamentals and what’s going
EUR/USD July 12 – At 4 Month Low on Imminent Greek Default
Euro dollar fell to a 4 month low, currently clinging to losing low support (update: gone as well), and it seems that nothing can stop the pair. A default in Greece, selective or not, is now on the cards. Italian bank shares continue their drop and Italian and Spanish bond yields are at record highs. The
Gold Builds Higher, EUR/USD Set to Further Weaken
GOLD: Rallies, Risk Builds On The 1,576.20 Level GOLD: The commodity reversed almost all of its two week losses to close strongly higher the past week. This new development now leaves further upside risk targeting its psycho level at 1,600 and then the 1,650.00 level. Its weekly RSI is bullish and pointing higher supporting this view.