Tag: euro vs dollar today

The euro vs dollar pair continued their short squeeze higher last week in a series of small steps, holding above both the 9 and 14 day moving averages but failing to breach the key 40 day moving average which now sits immediately above.  With very...

The short squeeze higher in the euro dollar has continued in this morning’s trading with the currency pair opening gapped up from Friday’s close indicating a degree of positive sentiment at present and trading above both the 9 and 14 day moving averages.  However, this...

As the broader markets continue to lurch from panic to blind panic the euro vs dollar is trying to base at the USD1.22 price area  following its dramatic drop in April and May from USD1.35.  The current pause point is not unexpected given the extent...

With the main markets in the UK and US closed for national holidays and the euro vs dollar price action restricted to a very narrow range I am reproducing here an article which discusses the geo-political aspect of the current eurozone crisis. “This report is...

Yesterday’s trading session for the eurodollar ended with a widespread candle which once again validated the doji cross signal of three days ago and further confirmed, if evidence were needed, that the outlook for the euro continues to remain heavily bearish.  As discussed many times...

As outlined in last week’s market commentary for the euro vs dollar, the short squeeze duly arrived finally running out of steam on Friday having reached a peak of USD1.2650.  The extent of this rebound exceeded my expectation slightly, having suggested that US1.25 would be...

Despite today’s rally for the battered euro against the US dollar, which was hardly a great surprise given the extent of short positions and relentless negative press, the longer term outlook still remains firmly bearish for the euro dollar.  Even with today’s wide spread up...

Yesterday’s small hammer candle on the euro vs dollar daily chart has duly resulted in a small rebound for the pair and correlating neatly with some modest gains in equity markets.  However, with deep uncertainty and scepticism still surrounding the latest plans to assist the...

The euro vs dollar continued its downwards path on Friday ending the trading week with a wide spread down candle as it accelerated through the potential support at USD1.25 and now looks set to test the USD1.2250 region in the short term and USD1.20 in...