Your Source for Daily FOREX Market News and Analysis
Sunday, 08 November 2009 GMT
FOREX ALERTS >>
technical alert
Article
Euro Soars Against US Dollar - Is This a Trend Change or Retracement?
Tuesday, 16 December 2008 22:31:12 GMT
|
Previous Articles
Print
- Friday, 16 October 2009 16:40:51 GMT EURGBP Short Term Decline Overdone
- Thursday, 15 October 2009 22:59:12 GMT USDCAD Rally Just a Correction
- Thursday, 15 October 2009 21:11:29 GMT Daily Pivot Points
- Thursday, 15 October 2009 07:56:53 GMT EUR/USD Sell Recommendation Issued @1.5035 (Daily Classical)
- Wednesday, 14 October 2009 21:09:33 GMT Daily Pivot Points
- Wednesday, 14 October 2009 06:46:55 GMT Euro Surge Exposes Psychological Barrier (Daily Classical)
- Tuesday, 13 October 2009 21:26:26 GMT EURGBP Rolls Over
- Tuesday, 13 October 2009 21:26:23 GMT Daily Pivot Points
- Tuesday, 13 October 2009 07:47:43 GMT Euro Double Top Prospects Intact (Daily Classical)
- Monday, 12 October 2009 21:00:42 GMT Daily Pivot Points
- Monday, 12 October 2009 07:35:23 GMT Euro Carving Double Top (Daily Classical)
- Friday, 09 October 2009 01:07:54 GMT Dollar: Something Has to Give
- Thursday, 08 October 2009 21:06:02 GMT EURJPY Looks Constructive
- Thursday, 08 October 2009 21:01:54 GMT Daily Pivot Points
- Thursday, 08 October 2009 06:28:39 GMT Prospects Fade for USD Bulls (Daily Classical)
- Wednesday, 07 October 2009 21:47:48 GMT GBPUSD Triangle Pattern Before BoE
- Wednesday, 07 October 2009 21:07:26 GMT Daily Pivot Points
- Wednesday, 07 October 2009 06:41:58 GMT Euro Stops Narrowly Averted (Daily Classical)
- Tuesday, 06 October 2009 06:56:11 GMT USD Convictions Being Tested (Daily Classical)
- Monday, 05 October 2009 21:08:32 GMT Daily Pivot Points
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: if the Euro manages to surpass this juncture, the bearish bias will be violated. However, the possibility remains that current EURUSD strength is corrective and the downtrend will resume following the re-test of support-turned-resistance.
EURUSD Spot (Weekly):
Created using FX Trek IntelliChart - Prepared by Ilya Spivak
Resources
