EURUSD pair in forex has is very popular, as I see these days it has become highly predictable with technical analysis. As I see the charts I feel that EURUSD is now beginning a new up trend as it has bounced from 1.2050 to 1.29 about 900 pips rally in 3 months. If I see the daily chart the pair is already trading above the 200 days SMA, In this case I will be only looking for buying opportunities ... [Continue Reading]
Euro Makes Fresh 20 Months Low, Huge Selling Before Italian Bond Auction
Italian Bond auction is to be done today and ahead of event we have seen huge selling in Euro against US Dollar. There is still more uncertainty and concerns regarding Italian bond auction across European region. Selling on EURUSD was so intense that, pair has made fresh 20 Months low at 1.2847 falling by more than 50 pips in few minutes, and the pair is still under selling pressure. Any pullback ... [Continue Reading]
Forex: EURUSD Trading Analysis and Target Level for Next Week 1 August 2011, We are Bullish
EURUSD has started to consolidate as there is uncertainty in both region United states and European region. Taking a look at technical charts we see EUR/USD has rallied sharply from 1.40 levels and we believe this trend on EUR/USD to continue upto its next resistance of 1.44 level, this is our initial target level on 4 hour chart. So we will be looking for buying opportunities as long as the pair ... [Continue Reading]
Forex: EURUSD Technical Analysis on 29 July 2011, Sell EURUSD below 1.4295
Today's trading technical analysis for EUR/USD 29 July 2011, our advice to trade short (sell) in EURUSD below 1.4295 level for target of 1.4255 and then 1.4215 levels also place protective stop loss above 1.4315 zone. Why EURUSD is trading down : EURUSD pair has broke below the support of 200 SMA on 4 hour chart and we expect some more selling coming in this pair, as there was a news about ... [Continue Reading]
EURUSD Technical Analysis on 22 July 2011, Buy EURUSD above 1.4385
EURUSD pair has advanced after the free fall from the debt crisis led by Italy, but yesterday after the bailout package has been declared, we have seen a bounce and recovery in the EURO and we see that buying has resumed in it. So we are bullish for short term as well as intraday trading. Fundamentals has now strengthen for the EURO as Greece crisis was one of the big issue for EURO. We see that ... [Continue Reading]
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