The EUR USD confirmed Wednesday’s closing price reversal bottom and surged to the upside on Thursday. Based on the chart pattern, traders should look for this move to continue with 1.2742 to 1.2884 the next upside target...
Read MoreMay 20, 2010 Too Much Negative News Helps Boost Euro The EUR USD confirmed Wednesday’s closing price reversal bottom and surged to the upside on Thursday. Based on the chart pattern, traders should look for this move to...
Read MoreThe Euro reversed earlier weakness to form a daily closing price reversal bottom. This pattern sets up the start of a possible 2 to 3 day rally to 1.2742.The weakness Wednesday morning was triggered by yesterday’s news...
Read MoreMay 19, 2010 Euro Continues to Rally; Shorts Getting Buried in Surprise Reversal The Euro reversed earlier weakness to form a daily closing price reversal bottom. This pattern sets up the start of a possible 2 to 3 day rally to...
Read MoreThe Euro continued its slide on Tuesday and signs are developing which indicate that the problem is with the European Union and not the Euro. The market seems to be content with the weakness in the Euro. It’s the inability...
Read MoreMay 18, 2010 European Union, not Euro, at Risk The Euro continued its slide on Tuesday and signs are developing which indicate that the problem is with the European Union and not the Euro. The market seems to be content with the...
Read MoreOversold conditions and the lack of fresh bearish news helped the Euro turn around and close higher for the day. Fundamentally, nothing happened to change the minds of traders. Investors are still concerned that the European...
Read MoreMay 17, 2010 Euro Posts Reversal Bottom; Short-Covering Rally May be in the Works Oversold conditions and the lack of fresh bearish news helped the Euro turn around and close higher for the day. Fundamentally, nothing happened...
Read MoreThe EUR USD touched its lowest level since October 2008 on Friday as investors continued to pull out of the currency on the fear that political and economic problems will lead to a collapse of the Euro Zone economy. The rapid...
Read MoreMay 14, 2010 Euro Threatening “Lehman Brothers Low” The EUR USD touched its lowest level since October 2008 on Friday as investors continued to pull out of the currency on the fear that political and economic...
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