Analysis and Recommendations: The EUR/USD closed slightly down but above $1.27. The European currency is now exchanged at $1.2714 after...
Forex News
Markets Pay No Attention to Eco Data Today
Markets remain in risk aversion mode, with Greece and the Euro the main topic of conversation. Traders paid little to no attention to eco data released today and tomorrow will be a very light day, so politics and economics will get all the press coverage. In the FOMC minutes released...
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Forecasts & Analysis
Daily Forecasts
EUR/USD Fundamental Analysis May 18, 2012, Forecast
EUR/USD Fundamental Analysis May 17, 2012, Forecast
Analysis and Recommendations: The EUR/USD picked up a bit of steam today trading 1.2743. Positive data in the US gave...
EUR/USD Has 1.2625 in Sight; Greek Re-Election...
Traders are on a euro watch this week as political uncertainty is driving financial market tension. Today 5/15, a couple...
EUR/USD Fundamental Analysis May 16, 2012, Forecast
Analysis and Recommendations: The EUR/USD continued to fall today, dropping below the 1.27 price and remaining in that territory. The...
Weekly Forecast
By FX Empire Analyst - Barry Norman
EUR/USD Weekly Fundamental Analysis May 14-18, 2012, Forecast
Introduction: Out of the major currency pairs the most popular and easy to trade currency pair is the EUR/USD. It has become so popular with traders these days that even when there is no visible trade to be had it is yet traded as a matter of habit. This is of course something that should...
Monthly Forecast
By FX Empire Analyst - Barry Norman
EUR/USD Monthly Fundamental Forecast May 2012
Outlook and Recommendation The EUR/USD closed the month well over the 1.32 price at 1.3233 although it did reach a high earlier in the moth of 1.3380. As we enter May, euro remains well off its 1.2624 January lows. The support from EUR has come partially from flows, particularly deleveraging and repatriation flows. In addition...
Technical Analysis
- S3: 1.2672 |
- S2: 1.2683 |
- S1: 1.2688 |
- PP: 1.2699 |
- R1: 1.2704 |
- R2: 1.2715 |
- R3: 1.2720
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Daily Technical Analysis
By FX Empire Analyst - Christopher Lewis
EUR/USD Forecast May 17, 2012, Technical Analysis
The EUR/USD pair fell again on Wednesday as various negative issues surround the common currency at the moment. The market heard that the ECB has discontinued monetary operations with some Greek banks as they don’t have the proper recapitalization isn’t in place. This is a very negative turn of events, and the likelihood of a...
By Fan Yang - FXTimes
EUR/USD – Reward to Risk Assessment for Buying Near the 1.2625 Support
The EUR/USD is trading at a 4-month low and continues to be weighed by the uncertainty in the Greek parliament, which is headed for a re-election on June 17. One ray of light does shine from the diplomatic and cooperative appearance of Hollande and Merkel in the 5/15 meeting in Berlin. EUR/USD day chart 5/16/2012...
By FX Empire Analyst - Christopher Lewis
EUR/USD Forecast May 16, 2012, Technical Analysis
The EUR/USD pair continued to fall on Tuesday as the markets worry about the various problems facing Europe. The breakdown over the last couple of weeks has been brutal, and there shouldn’t be much of a debate on what direction the trend is heading in the meantime. The banks are a serious area of concern...
Weekly Technical Analysis
By FX Empire Analyst - Christopher Lewis
EUR/USD Forecast for the Week of May 14, 2012, Technical Analysis
The EUR/USD pair had a miserable week. The gap from the weekend was brutal, and the fact that it also acted as resistance as well doesn’t bode well for the future of this market. The 1.30 level is now a thing of the past, and the bearish momentum is starting to build from here. The...
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