Author: Darrell Jobman

EUR/USD The Euro maintained a firm tone during the European session on Thursday, although it was unable to break resistance levels. There was further speculation surrounding the prospect for ECB peripheral bond buying with a...

EUR/USD The Euro moved higher in early European trading on Tuesday with a challenge on resistance levels. An initial break above the 1.2380 area pushed the currency to a high above 1.24 and there was a further attack on...

EUR/USD The Euro was unable to break above the 1.2385 area against the US currency during Friday and retreated back towards the 1.2330 area during the European session. There was a stronger than expected trade surplus for June...

EUR/USD The Euro found support on dips towards the 1.2250 area on Thursday and edged higher during the European session with an initial move to the 1.2280 area. There was a significant decline in Spanish bond yields during the...

EUR/USD The Euro was unable to make significant headway in Europe on Wednesday and dipped sharply ahead of the US open. There were reports of stop-loss selling once support in the 1.2320 area was broken and there were also...

EUR/USD The Euro pushed higher during the European session on Monday as it challenged technical resistance levels and the US currency remained under general pressure. The Euro pushed to a high above 1.2350 on position adjustment...

EUR/USD The Euro continued to drift weaker in European trading on Friday in subdued trading conditions. There were concerns surrounding the banking sector with reports that the Dexia would need further refinancing quickly which...

EUR/USD The Euro was blocked in the 1.2385 region against the US dollar on Thursday and retreated during the day as underlying sentiment deteriorated and there was underlying pressure for a correction weaker. The fact that the...

EUR/USD The Euro was unable to make a fresh challenge on resistance levels above 1.24 against the dollar on Wednesday and generally drifted lower during the day with a test of short-term support levels, although net ranges were...

EUR/USD The Euro was confined to narrow ranges during Tuesday with markets unable to find any fresh incentives. Technical considerations were important and there was also evidence of option positions being defended towards the...