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Euro vs dollar analysis and forecast

The euro vs dollar is now at an interesting point on both the daily and weekly charts with the pair having traded lower over the last three days, testing the psychological 1.3000 level, which has now been breached in this mornings forex trading session. The...

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Euro vs Dollar 16 Aug 2010

A seminal week for the euro vs dollar which closed on the weekly chart with a wide spread down candle and giving us a clear bearish engulfing signal as a result and almost certainly signalling the end of the recent short squeeze higher.  The extent...

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Euro vs Dollar 12 Aug 2010

Tuesday’s FOMC meeting may, at last, have brought the recent very long “short squeeze” in the euro vs dollar to an end with yesterday’s forex trading session ending as a wide spread down candle which saw the pair close at USD1.2849, stopping just short of...

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Euro vs Dollar 10 Aug 2010

Today’s price action on the euro vs dollar chart prior to the FOMC release saw a temporary reversal of the recent rally in the pair and which saw the usd index trading back above the 200 day moving average.  However, this mild reversal in the...

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Euro vs Dollar 9 Aug 2010

Friday’s non farm payroll data helped to push the usd index below the 200 day moving average as well as adding some further bullish momentum to the euro vs dollar currency pair which once again closed the forex trading session above all three shorter term...

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Euro vs Dollar 5 Aug 2010

A dreary day of trading in the euro vs dollar characterised by thin volumes and a lack of sustained price action with the market drifting lifelessly between USD1.3235 and USD1.3190.  The interest rate decision today from the ECB came as no surprise to anyone, least...

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Euro vs Dollar 4 Aug 2010

The euro vs dollar continues to defy the market analysts and experts as it climbed higher once again yesterday, briefly touching USD1.3262 before pulling back to end the forex trading session as a narrow spread up candle.  The issue for the markets is to attempt...

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Euro vs Dollar 30 July 2010

The euro vs dollar continued to exhibit further bullish momentum yesterday albeit in a muted way, probing the USD1.3107 level before falling back and closing marginally lower at USD1.3076.  This morning’s price action again has been muted and a continuation of the minor pullback but...

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Euro vs Dollar 28 July 2010

The euro vs dollar continues to struggle to clear the USD1.30 price region with yesterday’s narrow spread doji clearly indicating the weakness of the market at present.  Yesterday’s high managed to touch USD1.3046 only to close below the UD1.30 level once again, and indeed in...

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