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Euro vs dollar set to move higher

The euro vs dollar closed firmly higher on Friday, ending the forex trading session with a wide spread up bar, supported by strong buying volume, and closing at 1.3129, having broken above the psychological 1.3000 level earlier in the day. This bullish trend in the...

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Euro vs dollar bullish on the 30min MT4 chart

Following the strong move higher on Friday for the euro dollar pair, which saw it close the session and the week at 1.28099, yesterday’s trading session was relatively muted as the pair paused, closing lower on the day and pulling back to the 1.2753 region...

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Euro vs Dollar 24 Mar 2011

This morning’s price action on the euro vs dollar threw me slightly as the pair continued yesterday’s move lower which was most likely triggered by the political problems in Portugal.  Today’s move lower has been seen as a further buying opportunity for euro longs as...

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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...

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Euro vs Dollar – Daily Forex Analysis

With yesterday’s unprecedented day of fundamental news now firmly behind us the markets have duly spoken as the FED finally lifted its skirts to reveal what lay beneath – a quantitative easing programme to the tune of $600bn.  As expected this triggered a sell off...

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Euro vs dollar forecast – 1st November 2010

With the markets all waiting for both the results of the US mid term elections which coincides with possibly one of the most important FED meetings of all time, we can expect desultory trading until all hell breaks lose on Wednesday.  Meanwhile, Friday’s price action...

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Euro vs Dollar 29 Oct 2010

The euro vs dollar surged higher yesterday closing as a wide spread up candle which held above all four moving averages once again and confirming that the recent short term re-tracement for the pair is now firmly over.  Throughout this period of consolidation and re-tracement...

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Euro vs Dollar 20 Oct 2010

An interesting couple of days for the euro vs dollar which promptly fell heavily yesterday partly as a result of a surprise announcement from China of a hike in interest rates, which surprised the markets as this was an unscheduled move, with commodities in particular...

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Euro vs Dollar 18 Oct 2010

The daily chart for the euro vs dollar has thrown up some interesting signals in the last few days, not least of which was Friday’s deep shooting star candle which replicated the smaller version that we saw on Thursday, and as such, gives us a...

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