Author: Darrell Jobman

EUR/USD The Euro found support above 1.19 against the dollar on Wednesday and secured robust gains during the European session with a peak around 1.2070. There was significant short covering during the day and the break above...

EUR/USD The Euro again found support close to 1.19 against the dollar on Tuesday and made an attempt at breaking back above resistance in the 1.20 area. The German industrial data was again stronger than expected with a 0.9%...

EUR/USD The Euro remained under pressure in Asian trading on Monday and dipped to test lows below the 1.19 level against the dollar which was a fresh four-year low for the currency. The currency attempted a limited recovery in...

EUR/USD The Euro drifted weaker in early Europe on Friday and was then subjected to heavy selling pressure ahead of the US open as structural fears returned to undermine the currency. There were reports that the French Prime...

EUR/USD The Euro was unable to hold above 1.23 against the dollar in early Europe on Thursday and had a steadily weaker tone during the day. There were further stresses within the European bond markets during the day with the...

EUR/USD The Euro was unable to regain the 1.23 level during Wednesday, but it also held above Tuesday’s lows with the currency able to find support above the 1.2150 level. Ranges were narrower with markets unable to attack...

EUR/USD The Euro was initially able to hold above 1.2250 against the dollar on Tuesday despite the warning of very substantial European financial-sector debt-write-downs of potentially over EUR160bn by the ECB. The Euro was then...

EUR/USD The Euro consolidated above 1.2250 in Asian trading on Monday, but struggled to make much headway with gains capped around 1.2330 in subdued trading conditions. The number of speculative short Euro positions remains at...

EUR/USD There was relief that Euro technical support levels held and the currency rallied back to the 1.2250 area in early Europe on Thursday as some bargain hunting for the currency also emerged after a sustained period of...

EUR/USD There was still interest in Euro selling on rallies and the currency retreated to below 1.23 in early Europe on Wednesday as buying support faded. Underlying confidence was also undermined by a relatively weak German...