Forex Crunch EUR/USD October 12 – Further Falls After Losing Support

Forex Crunch EUR/USD October 12 – Further Falls After Losing Support


EUR/USD October 12 – Further Falls After Losing Support

Posted: 11 Oct 2010 11:38 PM PDT

EUR/USD started the week by consolidating under 1.40, drifting again towards uptrend support. Will it dip under the line on this quiet day? Here's a quick update on technicals, fundamentals and community trends. EUR/USD below 1.40 EUR/USD Technicals Asian session:  Quiet session between 1.3850 to 1.39. Current Range between 1.38 to 1.3850. Further levels in [...]

Forex Daily Outlook – October 12 2010

Posted: 11 Oct 2010 03:00 PM PDT

U.S. FOMC statement and Britain’s inflation data are at the top of our market moving events. Here is an outlook on the most influential activities awaiting us today. In the US, FOMC Meeting Minutes the most highly anticipated event today gives rise to speculations regarding another round of economic stimulus for the USD. This statement [...]

AUD/USD Parity, Possible Euro Turnaround and Exciting British Week in the Video Outlook

Posted: 11 Oct 2010 10:15 AM PDT

On the weekly interview on Forex TV, I spoke with Julie Sinha about the run of the Aussie on parity, a possible turnaround in the Euro, the exciting week in Britain and more. Enjoy: After the dollar’s fall smoothed in the past week, the net shorts still reached a fresh peak. When everybody is short, [...]

EUR/USD Loses Uptrend Support

Posted: 11 Oct 2010 09:07 AM PDT

EUR/USD lost the uptrend support that characterized its trading for over a month. This trendline was successfully tested around the Non-Farm Payrolls. But now, the Euro ran out of fuel. We’re still awaiting a full confirmation. Update. Euro bears enjoyed thin volume. American banks are on holiday to due to Columbus Day. The economic calendar [...]

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