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Break above 1.3232, previous high Fib 38.2% of 1.4246/1.2622, ended near-term corrective phase that found ground at 1.3025, where fresh strength emerged and triggered fresh extension of short-term uptrend from 1.2622, 13 Jan low. Immediate upside targe… Read more »
The EURUSD had a strong bullish momentum yesterday, broke above 1.3240/50 and hit 1.3286 earlier today. We have a breakout from the range area suggests further bullish scenario as a part of the bullish phase after the break above the trend line resista… Read more »
The pair achieved the suggested scenario yesterday and reached the first main target of 122.25 and breached it to provide now more signs of an intraday upside move expected today. The negativity seen on momentum indicators could trigger some fluctuatio… Read more »
The daily closing above the initial resistance of 1.3225-1.3230 succeeded in drawing a bullish candlestick pattern -long white candlestick- as seen on the provided daily chart. Now, SMA 100 at 1.3335 followed by 1.3375 become technical objectives for t… Read more »
Despite the announcement of further JPY selling interventions to lower the strong JPY by the Bank of Japan, the previous attempts have been so far unsuccessful. Reasons for this are firstly the uncertainty of many investors regarding the current situat… Read more »
EUR/USD Today’s support: – 1.3179 and 1.3148(main), where correction is possible. Break would give 1.3115, where correction also may be. Then follows 1.3084. Break of the latter would result in 1.3050. If a strong impulse, we would see 1.3038. Continu… Read more »
The initial EURUSD dip Tuesday was bought with follow-through bullish momentum resulting in EURUSD breaking the trend line of lower daily highs and trading above 1.3241, 38% recovery of losses from Oct to Jan (1.4248-1.2621). Read more »
EUR: Euro is currently trading at 1.3248 levels. Euro is positive on Investors speculation that somehow Greece will avert default and will strike a deal with its private Investors although ground reality as for now is very different and Greek parties w… Read more »
On Tuesday Euro/Dollar increased with 180 pips on Greek debt resolution hopes. The European currency appreciated from 1.3088 to 1.3270 yesterday, matching the positive Interbank sentiment projection at almost +6%, closing the day at 1.3259. This mornin… Read more »