Posts Tagged by eur analysis
Euro and Stock Market Update
| May 13, 2010 | Posted by admin under Stocks & Stock Market Analysis |
Here is a brief look at what we are watching for Friday. EUR/USD down about 1% on Thursday. S&P 500 down 1.21% Thursday. EUR/USD update: The Euro stopped its decline almost exactly at 1.2520, at least so far. If the decline continues below the lows put in (approx 1.2517) then the target is 1.2480-1.2465. Trend…
EUR/USD – Finally Leveling Off???
| May 13, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The Euro continues to be under pressure with the trend on most time frames to the downside, yet, Wednesday did see a bit of stabilization. While the daily range was still larger than what we were seeing a month ago, it was less than what we have seen in the last couple weeks. Sitting in…
Downward Euro Pressure Continues
| May 11, 2010 | Posted by admin under Stocks & Stock Market Analysis |
Pressure continues to be seen in the Euro as it trades near its low of the day at 1.2630. Resistance comes in just above 1.2660 and then again at 1.2685 and 1.2750. Needless to say volatility has greatly increased therefore some additional levels to watch on the upside include 1.2800 and 1.2880. The downtrend is…
EUR/USD Resistance at 1.3100 holds
| May 11, 2010 | Posted by admin under Stocks & Stock Market Analysis |
What a time to take a few days off! Noteworthy action in the EUR/USD as it tested 1.3100 but could not penetrate it on the pullback. The pair once again trades lower at 1.2775 on a wide ranging day. A rise above 1.3100 would indicate some strength and forewarn of a further pullback, but the downtrend is…
EUR/USD: More Downside Targets Hit on Continued Slide
| May 5, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The Euro saw another very weak day against the USD as the primary target at 1.2800 was penetrated, putting in a low of 1.2788 so far. Trend remains down on all time frames with further targets at 1.2700, 1.2650 and 1.2550 and 1.2500. The aggressiveness of these targets simply account for increase volatility over the last two days. There…
Downside Target at 1.3000 on EUR/USD HIT
| May 4, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The pair had a drastic sell off Tuesday, along with equity markets taking a tumble. The decline ultimately took the Euro below 1.3000, currently trading at 1.2964. This move took out multiple short and longer term downtrend targets. With the steady decline resistance is really all the way up to the more crucial 1.3150 level.…
Euro Starts the Month Weaker
| May 4, 2010 | Posted by admin under Stocks & Stock Market Analysis |
Through early trading this week the Euro was sold off. There is plenty of news out, but ultimately the pair remains above the low set last week and trading remains choppy. Support has developed just above 1.3180 and a sell off below that is likely to test the Monday low near 1.3150. Beyond this…
EUR/USD Consolidates…for now
| April 29, 2010 | Posted by admin under Stocks & Stock Market Analysis |
With all the news out about Greece, Spain Portugal etc, the EUR/USD seemed to take a bit of a breather Thursday as it edged higher. Briefly the pair moved above the former days high but could not sustain those levels. Therefore short-term levels to watch are the Thursday high at 1.3280. A rise above indicates…
EUR/USD Puts In New Recent Low
| April 28, 2010 | Posted by admin under Stocks & Stock Market Analysis |
EUR/USD daily outlook: April 28 Being unable to climb back above 1.3400 the pair fell aggressively on Tuesday, once again putting in new (recent) lows. The new low indicates a target of 1.3000. A move back below Tuesday’s low near 1.3140 will set this up. Failure to reach those lows again, and given the choppy trading as…
EUR/USD: Euro Sell Off Breaks Swing Lows
| April 23, 2010 | Posted by admin under Stocks & Stock Market Analysis |
On Thursday the Euro sold off aggressively moving below support and former lows. Breaking the lows was a bearish signal. A move below the Thursday low at 1.3200 indicates targets at 1.3160 and a further out target of 1.3000. Minor resistance on the upside is at 1.3260 followed by 1.3320 and 1.3360. Despite the breakout, trading has been choppy…
Recent Comments