Posts Tagged ‘resistance’

Technical Analysis Aug.14th

by Forex Rooton August 14, 2014 6:48 am BST
EURUSD The currency pair remains trapped between 1.3450 and 1.3350, as neither bulls nor bears are able to push the price in any direction. Still, EURUSD is considered to be inclined to move lower, towards 1.33, where the 2013 Q4 low merges with the monthly S1 level. From there the Euro could try to launch […]

EURUSD bounced to $1.3035; Dollar’s rally was curbed

by Forex Rooton March 15, 2013 7:18 am BST
The dollar’s rally was curbed, however, also as the British pound surged as investors scrambled to cover short positions made on expectations of more quantitative easing by the Bank of England. Bank of England Governor Mervyn King said the bank was not seeking a further depreciation in sterling and that the currency was now properly […]

EURUSD is still under pressure

by Forex Rooton March 4, 2013 6:17 am BST
The euro hovered near a 2-1/2 month low while the dollar stayed close to a six-month high versus a basket of currencies as signs of improvement in the U.S. economy stood in stark contrast to a series of weak euro zone data. Broad U.S. spending cuts that automatically kicked in on Friday and threatens to […]

EURUSD near six-week low

by Forex Rooton February 22, 2013 5:35 am BST
The EURUSD fell to a six-week low of $1.31615 on Thursday and last stood at $1.3199, near late U.S. levels. Business activity indexes dealt a blow to hopes that the euro zone might emerge from recession soon, showing the downturn across the region’s businesses unexpectedly worsened this month. The data raised nervousness ahead of an […]