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Euro vs Dollar 19 Aug 2010

The euro vs dollar continues to flirt with the 40 day moving average which is now taking on increasingly significance the longer the pair trade on this technical indicator.   Yesterday’s price action was symptomatic of the current status with the high of the session...

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Euro vs Dollar 17 Aug 2010

The euro vs dollar continues to flirt with the 40 day moving average with yesterday’s candle once again balancing on this key technical indicator which is now the final barrier to any further move lower.  In yesterday’s trading session the moving average once again came...

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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 Forex Trading Chart 2010

The euro vs dollar continues to move higher pushing through the USD1.32 price handle in this morning’s early trading with yesterday’s relatively wide spread up candle once again confirming the bullish trend.  The 9 and 14 day moving averages continue to provide excellent support as...

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Euro vs Dollar 22 July 2010

Yesterday’s wide spread down candle provided us with a strong signal that the recent upwards rally is now beginning to run out of steam, as I outlined in my previous market commentary for the euro vs dollar.  Following three failed attempts to breach USD1.3028 the...

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Euro vs Dollar 19 July 2010

Last week’s strong performance and spike higher forf the euro vs dollar was clearly evidenced on the weekly forex chart ending as a wide spread up candle which saw the euro vs dollar briefly breach the USD1.30 level before closing marginally below.  Given this strong...

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Euro vs Dollar Forex Chart 16 July 2010

The rise of the eur usd continues unabated at present and seems to have consigned the bad news of recent months to the dustbin of history!  With yesterday’s wide spread up candle once again signalling bullish intent in the forex markets.  With both the 9...

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Euro vs Dollar 29 June 2010

The euro vs dollar appears to be finally breaking out of the recent sideways consolidation and beginning to roll over and move lower on the daily chart.  Whilst yesterday’s down candle hinted at this possibility it did find support from the 14 day moving average...

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Euro vs USD Forex Chart 28 June 2010

With very little fundamental news today and with the G20 having passed off as a damp squib, the forex markets are now concentrating the significant fundamental news which for this week will, no doubt, be dominated by the non farm payroll date due out on...

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