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5-27-09 6:21a GMT – Pair did bounce off support yesterday (netting us some pips) which technically puts the charts in a more bullish light for the short and mid-term. Fundamentally it seems that as news and leading indicators on the US economy improve people are removing their money from the relative safety of US [...] 5-26-09 6:26a GMT – Overbought levels appear to be causing the EUR/USD to stall out on the charts after the Memorial Day holiday in the States on Monday. On the daily the price action is just below 70 on the RSI and on the 4-hour it has just dipped below 70. Either way the [...] 5-22-09 6:11a GMT – Booked good pips yesterday off the 1.3720 bounce, looking to reset on a dip before the weekend if possible. Volatility overall in the forex markets has been coming down in recent weeks and months as big money becomes more comfortable with the level of risk the carry trade offers. As [...] 5-21-09 5:15a GMT – EUR/USD crashed through resistance yesterday and never looked back, busting upwards almost 150 pips at its peak. With the fresh higher higher and higher low we are again looking at a steady uptrend and buying opportunities. Hourlies are close to overbought territory – which is normal in a strong trend [...] 5-20-09 6:40a GMT – EUR/USD continued to consolidate yesterday after making an early dive and booking us some pips it then rose back up to resistance at 1.3665. Overall technical signals are mixed after the pair failed to clear 1.3720 last week on the bearish side, with a clear uptrend and overbought levels cooled [...] |
  
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