The euro vs dollar continues to trade sideways at this level, with Friday completing the full house of five straight days of indecision. The question of course that everyone is asking is whether the US dollar will continue to weaken, with a consequent rise in...
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Euro vs Dollar – EUR/USD Daily Candle Chart 24th July 2009
Following on the back of two doji candles on Tuesday and Wednesday for the euro vs dollar pair, yesterday’s price action has reinforced this bearish picture with a shooting star candle which once again failed to breach the 1.43 resistance level which is now becoming...
Euro vs Dollar – EUR/USD Daily Candle Chart 23rd July 2009
I was hoping that Ben Bernanke’s two testimony would provide us with some much needed momentum in the euro vs dollar currency pair, but unfortunately this was not to be, and yesterday’s candle was a re-run of Tuesdays, ending the session as a doji of...
Euro vs Dollar – Daily Candle Chart EUR/USD 22nd July 2009
All the currency markets waited nervously yesterday as Fed Chairman Ben Bernanke began his two day, ‘mid term’ report on the current state of the US economy, and the direction for FED policies in the short to medium term. Yesterday’s candle on the euro vs...
Euro vs Dollar – Candle Chart For 21st July 2009
Yesterday’s up bar on the daily chart for the euro vs dollar, added further weight to the prospect of a breakout above the key 1.43 resistance level, which is now firmly in sight, with the candle having closed the trading session with as a wide...
Euro vs Dollar – Daily Candle Chart EUR/USD 20th July 2009
Friday’s candle on the euro vs dollar daily chart, provided little in the way of anything new for us to consider from a technical point of view, ending the trading session as a small spinning top candle, very simple to that of Thursday, but this...
Euro vs Dollar – EUR/USD Daily Candle Chart 17th July 2009
The euro vs dollar continues to tease, edging ever closer to the pivotal 1.43 technical level on the daily chart. Yesterday’s candle failed to deliver on the momentum generated by Wednesday’s wide spread up bar, ending the trading session as a spinning top doji suggestive...
Euro vs Dollar – EUR/USD Daily Candle Chart 16th July 2009
Euro bulls should perhaps only raise two cheers for the wide spread up bar posted on yesterday’s daily euro vs dollar chart for several reasons. First the high of the day failed to clear the interim resistance at 1.4150 falling back in later trading and...
Euro vs Dollar – EUR/USD Daily Candle Chart 15th July 2009
Yesterday’s price action on the euro vs dollar daily chart was simply more of the same sideways consolidation in a very narrow trading range with the daily candle ending the trading session with a deep lower wick and small body, suggesting that the bulls were...
Euro vs Dollar – EUR/USD Daily Candle Chart 14th July 2009
Trying to predict or even analyse the euro vs dollar daily candle chart is practically impossible and becoming more and more difficult. There is little one can say as the pair continue to be constrained in an ever narrowing price range. As the pennant pattern...
