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  1. German Ifo Business Climate Surprises – EUR/USD Makes New 2012 Highs

    by , 02-23-2012 at 04:15 AM
    The highly regarded German Ifo Business Climate jumped to 109.6 points, higher than 108.7 that was expected.

    EUR/USD is above 1.33, close to its yearly highs.

    Other components of the indicator were also good. The Current Assessment figure rose from 116.3 to 117.5 points. A rise to 116.4 was predicted. The IFO Expectations rose from 100.9 to 102.3, more than 102 that was predicted.

    IFO is Germany’s No. 1 think tank. It tends to be more positive and to exceed expectations, contrary to the ZEW indicator.

    Read the rest of the article [B][I][URL="http://www.forexcrunch.com/german-ifo-business-climate-surprises-eurusd-close-to-2012-highs/"]German Ifo Business Climate Surprises – EUR/USD ...
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  2. Forex Trades 02/23 - European session

    by , 02-23-2012 at 02:28 AM (Currency Majors Technical Analysis)
    Forex Trades 02/23 - European session - by [URL="www.forexticket.co.uk"]Forex ticket[/URL] (ex [URL="http://www.mataf.net"]mataf.net[/URL])
    [b][img]http://www.forexticket.co.uk/images/_V3img/fleches/up_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
    [b]Entry[/b]: 1.327
    [b]Stop[/b]: 1.322
    [b]Resistances[/b]: 1.35 - 1.3325 - 1.3285
    [b]Supports[/b]: 1.304 - 1.311 - 1.32

    [b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/usdchf"]USD/CHF - US Dollar / Swiss Franc[/url][/b]
    [b]Entry[/b]: 0.909
    [b]Stop[/b]: 0.9125
    [b]Resistances[/b]: 0.916 - 0.914 ...
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  3. DAILY FORECAST FOR EURUSD

    by , 02-22-2012 at 09:14 PM (The Daily Forecaster)
    [B]BIAS[/B]: Care required - while 1.3310-21 caps this can still recycle lower…

    [B]MAIN ANALYSIS[/B]: In the end we did see continued sideways consolidation for the entire day. There's risk of a little more to come into the European morning. However, I feel that as we go into the North American shift that price should poke its head up to the 1.3297-10 area which I see capping and provoking a recycling back down to the 1.3186 low and probably into the 1.3151-61 area. This then needs to support to provoke the next stronger push higher.

    [B]COUNTER ANALYSIS[/B]: Only a direct break above 1.3310-21 would extend the gains more directly with minor resistance around 1.3331-50 but above there I can't see any firmer ...
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  4. EURUSD is facing 1.3320 resistance

    by , 02-22-2012 at 08:57 PM (Free Forex Market Analysis)
    EURUSD is facing 1.3320 resistance, a break above this level could trigger another rise to 1.3500 zone. On the downside, as long as 1.3320 resistance holds, the rise from 1.2975 is treated as correction of the downtrend from 1.3320, and another fall towards 1.2800 could be expected. Support is at 1.3185, a breakdown below this level could signal resumption of the downtrend.



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