EURGBP- The cross continues to struggle to put in a temporary bottom following its recent decline through the 0.8315 level, its July 13'10 low. While it continues to trade below that level, odds are for further weakness towards its July... (Continue reading)
This week, The USD had some early signs of recovery. It was mainly stabilizing after being pressured the previous weak. There were some strong USD gains on Wednesday, but this did not follow through on Thursday, and by Friday's NFP,... (Continue reading)
Price action on GBP/USD (a 4-hour chart of which is shown) as of Friday (8/06/2010) morning, has reached all the way up to approach key psychological resistance in the 1.6000 price region on the heels of the non-farm payrolls (NFP)... (Continue reading)
The cross continues to consolidate while it looks for a directional trigger though it is short term biased to the upside. Despite its current price hesitation, we expect that to end and trigger higher prices. This will leave risk towards... (Continue reading)
Cable has been ranged in the region of 1.5820-920 from the past few sessions. The pair has a good Support at 1.5850-30 region as strong break below which may take it towards 1.5750-60 today. However, a break above 1.5970 may... (Continue reading)
The pair remains biased to the upside despite its present price hesitation. This suggests that its present price action is corrective of its recent run to the upside. If however, its corrective tone fails, its May 03'10 high at 1.3310... (Continue reading)
The EURUSD was volatile but indecisive yesterday. The Euro broke higher after range trading last week the market push to the high of 1.3262. The market has turned cautiously bullish on the EUR for the moment. The ECB has left... (Continue reading)
EURUSD Short-term remains rangebound with initial signs of exhaustion following the earlier breaj out of a four hour rising channel. Regaining 1.3236/40 will hint at renewed strength. Below 1.3119 signals a pullback to 1.3054/1.2980.... (Continue reading)
Regarding longer term the price did not move from this week range,waiting for the price action .The price it´s building a control area where even a bullish or a bearish movement happens,next time when the price came back to this... (Continue reading)
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.... (Continue reading)