Despite a broad-based recovery in equity prices, USD is weaker across the board, with the move lead by EUR and the EUR satellites, CHF, SEK and NOK. EUR/USD traded to a new record high of 1.5968 after higher than expected March Eurozone inflation data. Global equity markets are higher across the board and US futures [...]
Entries Tagged as 'EUR/USD'
EUR/USD at new record high
April 16th, 2008 · No Comments
Tags: EUR/USD
EUR USD - Price is currently locked within a choppy trading range
April 5th, 2008 · No Comments
EUR USD - Price is currently locked within a relatively broad/choppy 1.5350 - 1.5900 interweek trading range. Longer term direction will be dictated by the correct interpretation of the current price action.
The first (favoured) interpretation is one of topping behaviour, prior to primary uptrend reversal. Factors which support this view are the recent upside acceleration [...]
Tags: EUR/USD
EUR/USD: Retracement…..
March 27th, 2008 · No Comments
EUR/USD – Uptrend highlights resistance at 1.5905 and 1.6010.
EUR/USD reached price target at 1.5650 this week after a correction held above support at 1.5286. Although the correction was swift, it did allow the daily studies to resolve an overbought divergence. With valuations now at neutral levels, support at 1.5586 and 1.5439 is expected to [...]
Tags: EUR/USD