Bulls and Bears Watching the EUR USD Next Move

September 2, 2010

September 2nd, 2010 – The EUR USD has climbed to the 1.2853 high and unable to break the 1.2920 resistance. Intraday bias remains on the downside, as long as the 1.2920 resistance line is not broken. On the upside, if the EUR USD is able to continue its bullish momentum and break the 1.2920 resistance [...]

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EUR USD Has the Buyers Sentiment

September 1, 2010

September 1st, 2010 – EUR USD has the buyers sentiment after negative U.S economic numbers. Intraday bias remains on the downside, as long as the 1.2920 resistance line is not broken. On the upside, if the 1.2920 resistance line is broken it will boost the bullish momentum and target the 1.3332 resistance line next. On [...]

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GBP USD Sideway Trend is Coming to an End

August 31, 2010

August 31st, 2010 – GBP USD has taken a step away from the sideway trend and broke the 1.5370 support. Intraday bias remains neutral with strong bearish sentiment, as long as the 1.5710 resistance line is not broken. On the downside, since breaking the 1.5370 support look for the GBP USD to target the 1.5122 [...]

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EUR USD Beholds more Downside Action

August 30, 2010

August 30th, 2010 – EUR USD has the bearish momentum but it has been able to stay above the 1.2586 support. Intraday bias remains bearish, as long as the 1.2920 resistance line is not broken. On the downside, if the 1.2586 support is broken then it will continue the bearish sentiment and target the 1.2522 [...]

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Forex Week in Review: All Eyes on the Yen

August 28, 2010

Forex news, analysis, ideas, trends, and much more … EUR USD has broken off the 50% retracement (from 1.1875 to 1.3332) and reached the low of 1.2586. Currently, its on steady upward trend but some questions remain … Will the upward trend from the 1.2586 support, have the momentum to target the 1.2920 or 1.3332 [...]

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USD JPY is in Speculation Territory

August 27, 2010

August 27th, 2010 – USD JPY is witnessing some buy “speculation opportunity” for the upside after hitting the all-time 2009-2010 low of 83.58. Intraday bias remains on the downside, as long as the 86.36 resistance line is not broken. On the downside, if the 83.58 support is broken it will argue that the next target [...]

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