The British Pound could not keep the upward throttle yesterday against the US Dollar. After a breaking out of the range zone 1.7352 - 1.7154, the currency couple made the top pair to 1.7515, and rapidly descended and reached the bottom 1.7103 and closed at 1.7152. The four hour upward...
EUR/USD It appears that the pair has fully resumed its downtrend and is currently testing the 1.3240 level. If the breach will indeed take place, another bearish movement is likely to take place, with a target price of 1.3170.
EUR/USD is in à downtrend, after finalizing the rebound from 1.3882 (Sept. 11 2008) at 1.3882. Technical indicators are falling, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4595 and 1.5183.
The pre-planned breakout variant for buyers was realized with attainment of basic assumed targets. OsMA trend indicator, having marked attainment of channel signal '2' by buying activity essential rise gives reasons for planning priority in buying direction but after rate correction period with key supports at 1.1460/80, where it is...
Cable lost 400 pips in yesterday's trading session making a high of 1.7516 and a low of 1.7104. Immediate resistance for the pair is seen at the 21 4-hourly EMA (1.7287). Daily & hourly charts are indicating a downside thus intraday shorts can be considered at retracement. Support for the...
