Posts Tagged ‘eur usd’
Chart of the Day – EUR/USD
August 20th, 2010
Price action on EUR/USD (a 4-hour chart of which is shown) as of Friday (8/20/2010) morning has broken down below multiple support levels, including a clean breakdown of an important uptrend support line extending back to the early June low of 1.1875 and a tentative break below key support at
Ook interessant:
EUR/USD – Stalking Correction
August 17th, 2010
Yesterday's EUR/USD update noted support at 1.2750. However the market was still declining in a channel. Today, the market broke out of that channel, and may be in for a correction rally. The near-term target is 1.2940, a swing projection that would complete a 3-wave rally. That could be an
Ook interessant:
EUR/USD – 1.2750 Providing Support
August 16th, 2010
In last Friday's weekly update, the EUR/USD was projected to find some support at the 1.2750 area. A break below that suggests further decline towards 1.2450. There has not been a reversal from this level, but the EUR/USD is stalling its rapid decline of last week just above the 1.2750 area.
Ook interessant:
Chart of the Day – EUR/USD
August 11th, 2010
Price action on EUR/USD (a 4-hour chart of which is shown) as of Wednesday (8/11/2010) has dramatically furthered its fall after this week's bearish breakdown of the uptrend channel that has been in place since late June. In the process, price has established a new 2+ week low. After breaking
Ook interessant:
EUR/USD – Post FOMC Reaction is a Bearish Signal
August 11th, 2010
The EUR/USD was declining yesterday ahead of the FOMC statement, and I was prepared to watch for the reaction to decide whether the greenback recovery is sustainable. After looking at the 1H chart for a bit after the announcement, it became apparent that the EUR/USD is bearish. I mentioned in
Ook interessant:
EUR/USD – Stalking Reversal Ahead of FOMC Announcement
August 10th, 2010
The EUR/USD is declining for a second straight day, as the bearish divergence develops. We have topped off at 1.3300 area, and in a reversal. However, the wave count puts this as a possible wave 4, which means there should be 1 more attempt towards 1.35 area. Before that, however,
Ook interessant:
EUR/USD Still in Uptrend, Preparing for Non Farm Payrolls
August 5th, 2010
Price action on EUR/USD (a 4-hour chart of which is shown) as of Thursday (8/05/2010) has consolidated in a sideways trading range pattern since reaching a 3-month high at 1.3260 on Tuesday. This occurs within the context of a strong and relatively steep accelerated uptrend channel that extends back to
Ook interessant:
EUR/USD Hits 1.3250 with More Bullish Signals
August 4th, 2010
The EUR/USD has been very strong, and in the last update, I noted the 1.3250 area as a significant resistance. If the market breaks above, it invalidates the still-bearish bias I have on the pair. This is the farthest it should stretch if the market is still bearish in the
Ook interessant:
Chart of the Day – EUR/USD
August 2nd, 2010
Price action on EUR/USD (a 4-hour chart of which is shown) as of Monday (8/02/2010) morning has made a dramatic upside breakout above last week’s high in the 1.3105 price region to approach 1.3200 resistance, establishing almost a new 3-month high in the process. This occurs within the context of
Ook interessant:
EUR/USD, Euro’s Rise has Help Today
July 30th, 2010
Unbending in the past with this recent rise power, the Euro's will, will be tested again. There is a forecast to aid it's climb into territory it has not tread upon for a long time.