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Euro vs Dollar 20 Aug 2010

Yesterday was another day of price action with a further attempt to rally promptly capped by the 9 day moving average and with the close of the trading session ending marginally below the 40 day moving average.  As outlined in several previous market commentaries the...

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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 16 Aug 2010

A seminal week for the euro vs dollar which closed on the weekly chart with a wide spread down candle and giving us a clear bearish engulfing signal as a result and almost certainly signalling the end of the recent short squeeze higher.  The extent...

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Euro vs Dollar 12 Aug 2010

Tuesday’s FOMC meeting may, at last, have brought the recent very long “short squeeze” in the euro vs dollar to an end with yesterday’s forex trading session ending as a wide spread down candle which saw the pair close at USD1.2849, stopping just short of...

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Euro vs Dollar 10 Aug 2010

Today’s price action on the euro vs dollar chart prior to the FOMC release saw a temporary reversal of the recent rally in the pair and which saw the usd index trading back above the 200 day moving average.  However, this mild reversal in the...

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Euro vs Dollar 9 Aug 2010

Friday’s non farm payroll data helped to push the usd index below the 200 day moving average as well as adding some further bullish momentum to the euro vs dollar currency pair which once again closed the forex trading session above all three shorter term...

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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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