Post Tagged with: "EUR/USD Technical Analysis"
EUR/USD Mar. 8 – Moving Higher on High PSI Participation Hopes
Euro dollar is ticking up to higher ground before the Greek offer on the bond swap officially closes late in the day. Fresh reports talk about a high participation rate, which will allow the deal to go through, but probably not as high as 90% required to avoid the dreaded Collective Action Clauses. The ECB’s rate
Euro Broke Through January Support Line – Trend Clearly Bearish (Elliott Wave)
The euro keeps falling, forming a nice impulsive fall from the 1.3480 top. Notice that yesterday’s price action sent the euro below the falling trend line connected from January lows, which also represents a lower support of a corrective channel. We know that once this channel is broken, that simply means that larger trend is
EUR/USD Mar. 7 – Stepping Gradually Lower as Greek Fears Refuse to Leave
Euro dollar moved lower and stabilized at lower ground, capped under a lower resistance line. Participation in the Greek PSI remains the key as the deadline looms. Another significant hint towards the US Non-Farm Payrolls awaits us, as tension mounts. Here’s an update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian
EUR/USD Mar. 6 – Calm Before the PSI Storm?
Euro dollar is quite stable in range. Different reports about the participation rate in the Greek bond swap paint a confusing picture. The current, movable deadline, is Thursday for the bond swap results and Friday for the approval. The unmovable deadline of Greek bond payments is getting too close. A credit event hasn’t been triggered yet,
EUR/USD Mar. 5 – Capped Under Resistance as Greek Bond Swap Doubted
Euro dollar opened the week at the low ground it dropped to last week. Negative headlines over the weekend caught up with the growing chance that Greece will announce bankruptcy. Participation in the “voluntary haircut” is expected on Thursday, with a final EU approval for funds on Friday. Any delay will be worrying as the unmovable
EUR/USD Outlook March 5-9
Euro/dollar turned back and retreated as relief for Greece still isn’t at hand. The Greek drama continues with hopes and doubts regarding a final approval for the Greek bailout. Among the regular events, the rate decision stands out. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD. The ECB lent
EUR/USD Mar. 2 – Losing Ground on More Greek Delays
Euro dollar continues losing ground and is dipping below another support line. The Eurogroup delayed the final decision about the second bailout to Greece for another week, after the bond swap is completed and a “final assessment” is made. The deadline for a default is getting closer, and it seems that Greece is pushed to the
EUR/USD Mar. 1 – In Lower Ground After Bernanke’s Blow, Before Greek CDS Call
Euro dollar is in much lower ground after Ben Bernanke made a small positive remark about employment and lowered the chances of QE3. The highly anticipated LTRO came out as expected. Banks are now better equipped for a Greek crash. As there’s not LTRO 3 in sight, the ECB had to return to the markets and
EUR/USD Outlook Feb. 27 – Mar. 2 2012
Euro/dollar finally broke out and made a very impressive rally, rising more than 300 pips. The second Greek bailout was agreed upon, and the euro shrugged off the long list of doubts. Has the euro turned a page, or is this a rise before the fall? The highlight of the upcoming week is the second LTRO
EUR/USD Feb.24 – Continuing Higher After Breaking Resistance
Euro dollar confirmed the break above strong resistance and now continues higher. The next line is still far. The pair still rides on optimism that the Greek deal will hold, despite worrying signs. Higher oil prices weigh on the greenback. If no bad news erupt, euro/dollar is going for its strongest close in 2012. Will this