EUR
EUR losses continue following Trichet’s weak economic outlook
The EUR saw a very bearish trading session yesterday, losing ground against all of its currency crosses. The Euro fell to a seven week low against the USD and closed under 1.5320, a remarkable number when considering that less than a month ago the oft-traded currency pair set […]
Fundamental Forex Outlook by GCI Foreign Exchange Research (EUR / JPY / GBP)
FOREX DAILY MARKET COMMENTARY
24 April 2008 Thursday
Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technician. The bottom line when utilizing […]
EUR/USD Daily Outlook Apr 24 14:34 GMT
Daily Pivots: (S1) 1.5832; (P) 1.5918; (R1) 1.5974;
EUR/USD’s decline from 1.6019 extends further to as low as 1.5675 today. Break of 1.5710 confirms that diagonal triangle that started at 1.5342 should have already completed at 1.6019, after failing to sustain above 1.6 psychological resistance. At this point, intraday bias […]
EUR/USD
1,5919. EUR USD is in a range between 1,5700 and 1,5980. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR/USD.The price should continue to move in Bollinger bands. The price should find a resistance […]
EUR/USD
After a persistent attack saw EUR break and close above the 1.5896/1.5913 area on Wednesday, the pair failed to follow through on Thursday and weakened further on Friday to close the week within its triangle pattern (daily chart) at 1.5815.While this development may have temporarily triggered the pair’s nearer term downside weakness, its medium and […]
Daily Pivots: (S1) 1.5842; (P) 1.5913; (R1) 1.5977;
EUR/USD continues to consolidate below 1.6000 psychological resistance today. While some more sideway trading still be seen, downside should be contained above 1.5748 support and bring rally resumption. As discussed before, sustained trading above 1.6 will set the stage for rally to next short term target at […]
Daily Pivots: (S1) 1.5810; (P) 1.5894; (R1) 1.6032;
EUR/USD continues to trade sideway below 1.6000 psychological support today and touching of 1.5855 turns intraday outlook neutral first. Nevertheless, further rally is still expected as long as 1.5342 support holds. As discussed before, sustained trading above 1.6 will set the stage for rally to next short term […]
Daily Pivots: (S1) 1.5704; (P) 1.5796; (R1) 1.5922;
EUR/USD weakens mildly in early US forex session but after all, outlook remains unchanged at neutral. As discussed before, firm break of 1.5913 high will confirm that consolidation from 1.5902, which is likely in form of an ascending triangle, has completed. In other words, in such case, medium […]