Euro (EUR)

The Euro dropped as prices remained below the  resistance of 1.1200. As we see over the Intraday chart, market is facing support around 1.1070 and hit a low of 1.1083 today. As long as the market remains above this support, another…
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CADJPY pair back on track The Canadian dollar began the fightback as inflation jumped higher in Japan. On the chart, bulls are still trying to regain the upper hand after bouncing 300-pips higher, which could be a sign of a recovery.…
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There have been more worrying signs about the state of the EU economy over the last week. This comes amidst a change in leadership at the top level, signifying that there is increasing recognition of a problem. But, that doesn't mean there…
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The Euro managed to re-test the resistance zone of 1.1120-40. The Market could still drop toward 1.1025 which in turn could activate another advance. Below 1.1025 more of a drop to test 1.0930-40 is likely. Above 1.1155 more advance will…
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EURUSD maintains 100-pip jump The Euro advanced as the ECB cuts and maintains their rate policy, pushing the pair towards the 1.1100 level. On the chart, the pair is inching towards the demand zone near 1.1130. Zooming into the hourly…
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The Euro managed again to hit few pips below the 1.1025 support before heading for another rebound. As we see over the chart, the market is facing Intraday resistance around 1.1120-40. If prices remain below it then another drop to test…
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USOIL Oil in Free Fall WTI Oil prices plummeted further, with WTI breaking below a multi-month low. A limited bounce off 68.00 saw some consolidation. A subsequent drop below 66.00 invalidated the double bottom, forcing early buyers to…
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The Euro rebounded last week to test the first resistance 1.1140. As we see on the chart, the market hit the 1.1040 support and still has a chance for another rebound toward the 1.1200 zone. Below 1.1025 prices could add another drop…
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What could move the markets after the ECB decision might not be the change in interest rate, but what it does to set up for future rate moves. Both the market and economists are in agreement that the European Central Bank will cut rates by…
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