December 2010 for the euro vs dollar followed a pattern we have seen for the past 3 years, namely a reversal of trend, high volatility and complete unpredictability with the pair bouncing around the USD1.31 price level and protected by the 200 day moving average....
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Euro vs Dollar 17 Dec 2010
An interesting week for the euro vs dollar which started the week in bullish mood, surging to USD1.34 on Monday and breaking higher again on Tuesday, only to close with a warning signal of shooting star candle which has been duly validated in the second...
Euro vs Dollar 1 Dec 2010
The euro continued its bearish slide lower yesterday ending the forex trading session as a wide spread down bar making it 7 sessions in a row, and, more importantly, breaking below the critical 200 day moving average which sits at USD1.3121. The euro was given...
Euro vs Dollar 29 Nov 2010
The bearish sentiment from last week towards the euro vs dollar has continued in today’s trading session with the pair pushing lower once again and now testing a potential key level of support at the 200 day moving average which currently sits at USD1.3126. Indeed...
Euro vs Dollar 22 Nov 2010
Thin markets & the closure of trading books for the end of the year are likely to lead some volatile and unpredictable trading patterns over the next few weeks, all of which is not helped by the current uncertainty surrounding the euro. Whilst fears have...
Euro to Dollar Analysis 18 Nov 2010
The euro to dollar finally found some traction yesterday in the USD1.3460 region following Tuesday’s doji candle which hinted at a possible pause and bounce higher for the pair. It was therefore no surprise to see the euro to dollar rise in today’s trading session...
Euro vs dollar – 16th November 2010
With the deep shooting star candle of two weeks ago having been firmly validated in last week’s trading session, and the euro vs dollar ending with a wide spread down candle on the weekly chart, negative sentiment for the euro continued once again yesterday with...
Euro vs Dollar Weekly Chart Analysis 10 Nov 2010
Given the euro vs dollar’s hapless start to the week I thought it would be useful at the mid point of trading so far to take a look at the weekly chart to judge the medium term picture and to try to put into context...
Euro vs Dollar 9 Nov 2010
Yesterday’s wide spread down candle on the euro vs dollar chart pushed the euro to dollar below both the 9 and 14 day moving averages and closing the trading day at USD1.3863. Much of this downwards momentum was generated by the fundamental landscape where market...
Euro vs Dollar 8 Nov 2010
An interesting signal on the euro to dollar chart with Friday’s price action resulting in a wide spread down candle aka a bearish engulfing which suggests that we may see a short term re-tracement for the euro to dollar. Indeed in early trading so far...
