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Forex Market General Overview
The Forex market general overview includes discussion and analysis of the economic prospects of a single country's currency.Technical
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0votesDespite last week's selling pressure, the EUR/USD is still holding the March 11 bottom at 1.5282 and the May 8 bottom at 1.5283. A break through these levels is likely to trigger stops down to a ...... Read More
0votesDespite last week's selling pressure, the EUR/USD is still holding the March 11 bottom at 1.5282 and the May 8 bottom at 1.5283.A break through these levels is likely to trigger stops down to a ...... Read More
0votesMixed technical signals are keeping the EUR/USD pinned inside of a tight range today. With the main trend down, the bears are trying to sell a rally back to a retracement zone at 1.5573 to ...... Read More
0votesLast week the EUR/USD continued its rangebound trading. The main range is 1.6019 (04-22-08) to 1.5283 (05-08-08) with a 50% retracement price at 1.5651. This price was the high ...... Read More
0votesAnalysis The EUR/USD posted a daily closing price reversal top at 1.5837. The follow through break through 1.5731 last night confirmed the reversal. Based on the short-term range of 1.5302 ...... Read More
0votesAnalysis Despite the sometimes erratic trading on Tuesday, the closing price reversal top at 1.5836 remains intact. A break through 1.5722 is needed to confirm this reversal top to set up ...... Read More
0votesIn overnight trading, the EUR/USD negated the closing price reversal top at 1.5836, but the lack of follow through buying indicates a lack of conviction on the part of traders. The key price to ...... Read More
0votesAnalysis The EUR/USD remains firm in overnight trading as traders await the ECB's latest decision on interest rates. Expectations are for a quarter point increase to ...... Read More
0votesAnalysis Traders were warned in the overnight analysis of the possibility the EUR/USD posting a reversal top and penetrating an uptrending Gann angle at 1.5862. This morning's action ...... Read More
0votesEuro has climbed to a 3 week high against the USD, towards 1.5835, but just for a few seconds folks… as profit taking took place shortly as the ECB CPI took over and showed us a higher ...... Read More
0votesGeneral Analysis The closing price reversal top in the EUR/USD market is set up for a follow through break into a major support cluster. Techically based buyers may enter in the support zone looking ...... Read More
0votesEven as we saw Trichet signal that ECB decided to hike interest rates, the market began to move in favor of the USD. This due to the words used by Trichet signaling that this “could be it for ...... Read More
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0votesMonday's rally in the EUR/USD came to a fast end on Tuesday as comments from Fed Chairman Bernanke turned the Dollar around. Traders had aggressively sold Dollars on Monday because of the ...... Read More
0votesThe EUR/USD rallied on Wednesday as traders worked out of long Dollar positions as financial losses at Fannie Mae and Freddie Mac led to speculation that the U.S. financial market crisis is ...... Read More
0votesLast week we saw the EUR/USD bounce back to levels near 1.6000. This time around we’re beginning to see some ‘well known’ analysts preparing to ride the USD as the trend shifts and ...... Read More
0votesDespite rallying to a record high, the EUR/USD looks vulnerable to a break from current levels. The move through the old top at 1.6019 to 1.6038 looks more stop than buy ...... Read More
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