Posts Tagged by euro demise
EUR/USD Edges Higher, Resistance Overhead
| August 2, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The pair finished higher last week, moving closer to the target mentioned last week at 1.3200. 13100 is actually the start of the resistance area, which is in effect till just above 1.3400. Movement above 1.3100 indicates that 1.3200 is highly likely to be tested, but beyond this pair will enter a “no-mans land.” The…
Euro Push Likely to Continue?
| July 26, 2010 | Posted by admin under Stocks & Stock Market Analysis |
Overall there was not much change last week in the EUR/USD. Heading into this week, the 1.3100-1.3200 resistance still remains overhead, yet the trend also remains up. With the pullback last week having little follow through it is likely that a test of this resistance area will be seen. A likely target is the high…
EUR/USD: Euro breaks downward trendline
| July 17, 2010 | Posted by admin under Stocks & Stock Market Analysis |
In the last analysis I said the Euro was heading for a test of the dominant trendline at 1.2800. That target has been met and exceeded as the pair closed out the week at 1.2928. This means the downward trendline has been broken. There is a band of resistance between 1.3100-1.3300 making this an interesting…
EUR/USD – Approaching Short-Term Support
| July 6, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The pair has pulled off the Tuesday highs, and is currently heading for a test of support (prior resistance) at 1.2600. Further support comes in at 1.2560 and 1.2530. The short-term trend remains up but may be jeopardized by a move below 1.2500, especially the swing low at 1.2480 This could trigger selling into 1.2400 (prior resistance…
EUR/USD: Headed For Test of Dominant Trendline
| July 4, 2010 | Posted by admin under Stocks & Stock Market Analysis |
After taking some time off to enjoy some of the summer weather EUR/USD and stock market analyses will be more frequent again over the next couple weeks. Currently the EUR/USD is headed for a test of the dominant downward trendline just above 1.2800. This should provide some resistance. A move lower off that level indicates downward pressure…
EUR/USD: Retesting Resistance After Breaking Lower
| June 12, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The EUR/USD finally broke below the triangle, but did so after two false breakouts. The pair has moved higher after putting in lows below 1.1900. The week was closed out with the EUR/USD at 1.2110. The resistance comes in at 1.2150-1.2200. This is the former support level which created the triangle (see chart at bottom).…
EUR/USD – Stable, But Remains in Downtrend
| June 8, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The EUR/USD has stabilized this week around 1.19 – 1.20. Given recently volatility and continued unease in financial markets the pair is not likely to stay within this small range for long. False breakout may occur at 1.1900 and 1.2000 but these levels provide some indication of buying or selling interest. A move below 1.1900 confirmed by…
EUR/USD-False Downside Break Means Legit Upside Move?
| June 1, 2010 | Posted by admin under Stocks & Stock Market Analysis |
Here is the outlook for Wednesday: On Tuesday the EUR/USD broke sharply below its prior (recent) low around 1.2140 to near 1.2100. The decline was warded off before then and an aggressive rally insued right into the upper short-term trend line (the triangle mentioned on the weekend). False breakouts are extremely powerful, and this one provided a…
EUR/USD – Stabilizing Amid a Mass of Trendlines
| May 30, 2010 | Posted by admin under Stocks & Stock Market Analysis, Techncial Analysis Tutorials |
This weekend we will look at the daily chart of the EUR/USD. News on the Euro has dominated the headlines lately with all sorts of doomsday scenarios for the Euro. Despite all this, the EUR/USD has stabilized around prior lows, and amid several trendlines. At this time these trendlines all remain down – with the…
EUR/USD: Support holds…so far
| May 28, 2010 | Posted by admin under Stocks & Stock Market Analysis |
The lows the EUR/USD put in last week were tested over the last couple days and have so far held off a further decline. Currently the pair sits just above 1.2300 which is a minor support level. Further support is at 1.2200 and 1.2150-1.2435. A break below the latter indicates another leg in the…
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