Post Tagged with: "EUR/USD Technical Analysis"
EUR/USD Mar. 21 – Challenging High Resistance
Euro dollar stopped for a correction on the way up, but later resumed the move and is now encountering fierce resistance. Will it break higher or retreat? Bernanke’s testimony for today has already been leaked. He will state that the situation in Europe remains difficult. Existing home sales are the key event now. Here’s an update
EUR/USD Mar. 19 – Sliding from High Ground
Euro dollar started the week with a slide from the high ground it reached on Friday. Credit Default Swaps on Greek debt will be settled today, as talks about a “second Greece” loom over Portugal. US bond yields play a bigger role also in EUR/USD as does inflation on both sides of the Atlantic. Here’s an
EUR/USD Outlook March 19-23
Euro/dollar tested lower ground, but managed to stay balanced, in a week that saw the final approval for the second Greek bailout and some dollar bullishness. The upcoming week features forward looking growth indicators, as well as other fiugres. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD. Ben
EUR/USD Mar. 16 – Fails to Gain Momentum After Breaking Downtrend Resistance
Euro dollar managed to escape downtrend resistance and move higher, but it failed to gain momentum and is falling once again. After the IMF approved its share in the second Greek bailout, the debt crisis issues have certainly calmed down, but this was already priced in. More positive figures from the US support the dollar. To
EUR/USD Mar. 15 – Settling Above Closely Eyed Support as Dollar Storm Pauses
Euro dollar is holding so far above the 1.30, within the downtrend channel. The dollar storm ignited by Bernanke takes a pause for now. Will the storm resume and send the pair fall below this level? The Eurogroup finally gave its final green light to the Greek bailout, and today’s its the turn of the IMF.
EUR/USD Mar. 14 – Slide Continues After Relative Bernanke Bullishness
Euro dollar continues to slide in lower range, in a downtrend channel. The Federal Reserve didn’t change its policy and upped its tone regarding employment and inflation. Bernanke will continue moving markets in a speech later in the day. In Europe, a final seal of approval is expected for Greece’s second bailout program, a few days
EUR/USD Mar. 13 – Dropping from Highs Before the Fed
Euro dollar climbed gradually and is now on the retreat once again, awaiting the decision by Ben Bernanke and his colleagues. QE3 has very low chances, but the Fed could surprise with other means. The Eurogroup endorsed Greece’s second bailout, but the final approval is due only for tomorrow. Apart from the Fed decision, there are
EUR/USD Mar. 12 – World Doesn’t End After Official Greek Default
Euro dollar kicked off the new week around the same levels it saw late on Friday. After the pair tumbled, ISDA finally called a credit event following the bond swap, and also Moody’s said that Greece is in default. The Eurogroup still needs to provide the green light to the full second bailout, and so does
EUR/USD Outlook March 12-16
Euro/dollar ended the week lower in the week that officially saw Greek entering a state of default. The upcoming week consists of meetings discussing the final aid for Greece by the EU and the IMF, an important survey and inflation data. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.
Big Day for EUR/USD: Falling After Greek PSI, Before Eurogroup and NFP
Euro dollar is sliding in range after the results of the Greek PSI were published. 85.8% was the participation rate before activating CACs. It will reach 95.7% afterwards. ISDA will discuss triggering a credit event due to the CACs at the same time that the Eurogroup will discuss how to proceed with Greece. Some hedge funds