EURUSD – Euro Continues To Gain Momentum Vs Dollar

Key Highlights Euro remained supported against the US Dollar, and formed a nice bullish trend. This past week’s highlighted ascending channel is still active on the 4-hours chart of EURUSD with support at 1.0720. The pair may eye further gains as long as it is above the 1.0700 handle. Today in the Euro Zone, the Sentix Investor Confidence Index will be released,...
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EURUSD – Euro Remains In Uptrend Vs US Dollar

Key Highlights The Euro after a dip towards 1.0660 against the US Dollar found support, and recovered. This past week’s highlighted ascending channel pattern on the 4-hours chart of EURUSD is still active with support at 1.0700. The pattern may continue to act as a catalyst, and could ignite a rally towards 1.0770. Today, the Euro Zone Economic Confidence will b...
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EURJPY – Euro Looks To Extend Losses Vs Japanese Yen

Key Highlights The Euro recently failed near 122.80-123.00 against the Japanese yen, and moved down. There was a connecting bearish trend line on the 4-hours chart of EURJPY at 122.65, which acted as a resistance. The pair is also below the 100 and 200 simple moving average (H4), signaling more declines. In the Euro Zone today, the Manufacturing Purchasing Manager...
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EURUSD – Euro Continues To Struggle Near 1.0660-1.0670

Key Highlights The Euro traded higher this past week, but failed to break a major resistance area near 1.0660-1.0670. There are a couple of connecting resistance trend lines formed on the 4-hours chart of EURUSD, acting as a hurdle near 1.0660-1.0670. Today in the Euro Zone, the Italian Consumer Price Index will be released by the Istat, which is forecasted to post a...
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EURJPY – Euro Declines Below 122.00 Support Vs Japanese Yen

Key Highlights The Euro remained under selling pressure against the Japanese yen, and broke the 122.00 support area. There was a monster triangle pattern formed on the 4-hour chart of EURJPY with support at 122.00. The Japanese Current Account released by the Ministry of Finance posted a trade surplus of ¥1,415.5B, compared with the forecast of ¥1,500.0B in Nov 201...
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EURUSD – Euro Buyers Facing Uphill Task Vs US Dollar At 1.0620

Key Highlights The Euro recently recovered from the 1.0340 low against the US Dollar, but finding sellers near 1.0600-1.0620. There is a crucial bearish trend line on the 4-hours chart of EURUSD, which is acting as a resistance near 1.0620. Today in the Euro Zone, the German Trade Balance will be released by the Statistisches Bundesamt Deutschland, which is forecaste...
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EURUSD – Euro Struggle Continues, Opens Bearish In 2017

EURUSD – Euro Struggle Continues, Opens Bearish In 2017 Key Highlights The Euro after trading as high as 1.0652 against the US Dollar declined sharply. The EURUSD pair broke a major bullish trend line at 1.0510 formed on the hourly chart. It looks like the pair opened the New Year with a bearish bias, and may decline further. Today, the Germany consumer price i...
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EURUSD – Euro Back Higher, Testing Resistance Vs Dollar

EURUSD – Euro Back Higher, Testing Resistance Vs Dollar Key Highlights The Euro after trading as low as 1.0372 against the US Dollar started a recovery. The EURUSD pair is trading with a positive bias, and settled above the 100 hourly simple moving average. The pair is now approaching a resistance area near 1.0460-80. Today, the US Initial Jobless Claims will b...
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EURJPY – Euro Sighting Gains Vs Japanese Yen Towards 124.00

Key Highlights The Euro moved higher against the Japanese yen after testing the 121.50-60 support. The EURJPY pair recovered, and broke a couple of bearish trend line on the 4-hours chart at 122.50 and 122.65 for further gains. Today, the German GfK Consumer Confidence will be released, which is forecasted to remain at 9.8 in Jan 2016. Any above the forecast readi...
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EURUSD – Euro’s Recovery Attempt Could Fail Soon Vs Dollar

EURUSD – Euro’s Recovery Attempt Could Fail Soon Vs Dollar Key Highlights The Euro fell sharply this past week against the US Dollar, and traded as low as 1.0366. There was an important support at 1.0520-00, which was broken by EURUSD to open the doors for more declines. In China today, the hosing price index, released by the National Bureau of Statistics posted...
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