Wednesday, December 17, 2008
Euro Soars Against US Dollar - Is This a Trend Change or Retracement?The
Euro has registered some very impressive gains against the US dollar
this week, adding nearly 5% in just the past two days. The pair is now
re-testing the multi-year bullish trend line that had guided price
action since 2002 and was broken to the downside at the beginning of
October. This is the proverbial line in the sand:... [read more]
Wednesday, December 03, 2008
Euro and Pound Fall As Service Sectors Contract Further, Fueling Speculation Of Deeper Interest Rate Cuts
The
Euro fell sharply to as low as 1.2610 before finding support as weak
service sector and retail sales reports generated bearish sentiment.
The Euro-Zone PMI measurement fell to 42.5 from the flash estimate of
43.3 and last months read of 45.8.
• Japanese Yen: Finding Support at 92.80
•... [read more]
posted by forexgentrade,
in Euro, forexgen, Live Accounts Contest, Pound
@ 10:01 PM,
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Wednesday, December 03, 2008
Euro Rallies from Bottom of Range; Where from Here?Euro
/ dollar resistance should be strong in the 1.28-1.30 zone. It is
possible that a rally to there completes a triangle that began at the
end of October. The next move would be lower, below 1.2330.One
can make both a bullish and bearish argument for the euro / dollar
going forward. From the bearish perspective, the euro / dollar could
still... [read more]
posted by forexgentrade,
in Euro, Forex market, forexgen, Live Account
@ 3:17 AM,
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