2011-Aug-22 08-15 (GMT+02:00) Athens
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*Outlook: EUR attempted a
rally last week but found resistance at 1.4516 and pulled back.
*As we have noted before, the key resistance level on the daily chart is 1.4530/40
and only a firm move abv there will indicate the next leg higher is under way.
*Until that happens, EUR/USD is in trading range.
*The daily oscillators are neutral now but the fact that the single currency finds
support at higher levels each time it pulls back is a sign of strength.
*Therefore, we continue to like the upside here and think that ultimately EUR will
go higher twd 1.5000/1.5100 level.
*On the downside, only firm break below 1.4055/45 negates as such a move will indicate
a downside breakout has occured instead.... Learn more....
*Forexpros - The euro ended
higher against the U.S. dollar last week, as the European Central Bank continued
buying government bonds but the single currency pared gains on Friday amid concerns
that the sovereign debt crisis was spreading to the region's banking system.
*EUR/USD hit 1.4516 on Wednesday, the pair's highest since July 27; the pair subsequently
consolidated at 1.4394 by close of trade on Friday, gaining 0.88% over the week.
Learn more...
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2011-Aug-21 12-36 (GMT+02:00) Athens
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*In the previous EUR/USD Weekly
Review, we noted that both SMAs are flat.
*This suggested that any long term momentum might be a distant possibility.
*The long term SMA 200 laid right below the current price action of the currency
pair and might serve to prevent any major downside intrusion.
*It is typically a strong support and resistance region.
*From a fundamental point of view, both the American and European economies displayed
signs of a fading recovery and growth.
*Concerns were strong as investors sought to speculate the future trends. Learn more....
*I remain bearish on EUR/USD.
*In the ugly contest between the euro and the dollar, the dollar is still a safer
haven, especially regarding the situation of the banks.
*Both sides are racing to the bottom in terms of growth.
*Regarding inflation, it is picking up in the US while slowing down in Europe Learn more...
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2011-Aug-16 20-49 (GMT+02:00) Athens
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EUR/USD Falls Off Resistance As Eurobonds Are Off the Agenda
(Posted on Business Insider at Tue, Aug 16, 2011 at 04:35PM)
German chancellor Angela Merkel and French president Nicolas Sarkozy
concluded their summit in Paris with many ideas, but they strictly
rejected the idea of eurobonds – a solution that many hoped for.
EUR/USD challenged resistance before the summit and is now falling
back.What did the leaders announ (visit source article) |
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2011-Aug-16 10-04 (GMT+02:00) Athens
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2011-Aug-14 09-09 (GMT+02:00) Athens
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Euro/dollar managed to remain at the same levels,
but it was very very choppy. The upcoming week consists of important
GDP and inflation numbers, important for the next rate decision. Here
is an outlook for the European events, and an updated technical
analysis for EUR/USD.
Trichet’s intervention in the markets finally came and helped the
debt crisis get off the headlines, and helped the euro stabilize. Ben
Bernanke helped in stabilizing as well, by pledging not to move the
rates for two years. Has the extreme volatility ended? Or is it around
the corner?
Learn more.... |
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