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Daily analysis for the euro dollar

The EUR/USD continued is recent bullish tone on Friday, closing the trading session at 1.2572 ahead of the three day weekend, with the US markets closed Monday for the Labor day holiday. The move higher on Friday was largely as a result of the statement...

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Euro vs Dollar 5 Jan 2011

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 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...

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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...

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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...

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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 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...

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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 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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