Posts Tagged ‘euro 1’
Market Morning Briefing
September 3rd, 2010
The Euro (1.2823) is trading in a narrow range of 1.2800-50 since the US session yesterday. However, the broader view is bearish with significant Resistance in 1.2840-60 region. Dollar-Yen (84.33) is ranged between 84.00-50 within its overall downtrend. We might expect it retain this range until the US NFP data
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Forex Technical Update
September 2nd, 2010
EURO: The Euro (1.2788) shooted up to as high as 1.2855 levels in yesterday's US Session post the data release from the US increasing the risk appetite in the market. It broke past its resistance of 1.2780 as short covering builded up as it consolidates some of the decline off
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Market Morning Briefing
September 2nd, 2010
Resistance at 1.2839 (100-mth MA) has held as expected on the Euro (1.2790). Very crucial EU GDP data due for release today, likely to have a bearing on the Euro trend. The US GDP data had disappointed last week, needs to be seen how the EU GDP turns out. Further,
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Forex Technical Update
September 1st, 2010
EURO: The Euro (1.2705) gave a range bound trading session yesterday moving higher towards 1.2743 levels. Stochastics and the RSI are oversold but remain neutral and can push the pair near the support of 1.26. Resistance comes near 1.2780 levels whereas support continues to be at 1.26. Medium term tone: Neutral to bearish.
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Forex Technical Update
August 31st, 2010
EURO: The Euro (1.2651) fell from its yesterday's high of 1.2757 levels as dollar and yen are trading strong. The crucial support of 1.26 levels is likely to be tested soon and a break below 1.2600 might see further dip towards 1.2500-1.2450 levels. The market may trade in a thin
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Market Morning Briefing
August 31st, 2010
The Dollar and Yen are trading strong. The Euro (1.2657) has come off from yesterday's high of 1.2755 and might test its crucial Support at 1.2600 today. A break below 1.2600 might see further dip towards 1.2500-450. Dollar-Yen (84.40) failed to sustain on the upside yesterday as market belived that
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Forex Technical Update
August 27th, 2010
EURO: The Euro (1.2712),corrected towards 1.2764 (as expected) however maintains the overall downtrend. Immediate resistance still is maintained near 1.2760 1.28 levels while the support continues to be near 1.26 levels. Additional weakness is likely in the pair as we see the dollar raising higher on the back of
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Market Morning Briefing
August 27th, 2010
The Euro (1.2711) has come off slightly from a high near 1.2764 yesterday. Important Resistance seen at 1.2755-65 today. The overall trend remains bearish. Dollar-Yen (84.55) has dropped back after rallying to 84.88 yesterday and remains bearish overall, with good Resistance at 85.20 at the moment. The Euro-Yen Cross (107.50)
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Forex Technical Update
August 26th, 2010
EURO: The Euro (1.2710), which seemingly formed the base at 1.2608 (expected support) yesterday, could lead to a corrective rally towards 1.2760-2830, within an overall downtrend. Immediate support continues to be near 1.26 levels which was held. Stochastics and the RSI are oversold but remain neutral to bearish signalling that
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Market Morning Briefing
August 26th, 2010
The Euro (1.2697) seens to have formed a bit of base at 1.26, which could lead to a corrective rally towards 1.2760-2830, within an overall downtrend. Dollar-Yen (84.70) has recovered rather well yesterday, responding to threats of intervention. The trend remains bearish, however, and if yesterday's bounce extends up to