The upside correction continued for the pair which seems to be retesting the key support for the major upside channel where trading is targeting 156.45 and then the key resistance at 157.50. Trading above the 50 day MA at 154.50 supports this bullish direction which may help the pair gather...

Euro/Dollar traded neutrally on Friday within the 1.4071 - 1.4144 range, closing the week at 1.4096. The 1.4180 resistance was broken upwards this morning, suggesting rising perspectives, if the currency couple manages to stay above that level. In downward direction immediate support for the European currency is Thursday's bottom 1.4060....

EUR/USD closed slightly lower on Friday as it consolidates some of this week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. Closes below the 20-day moving average crossing...

A controversy is taking place between policy makers and the financial institutions, in a way or other policy makers' wants tranquility is crawl back in financial markets, in order to ease the prolonged tension and hesitations of financial markets. Raising capital, pressuring mortgage approvals and injecting money in financial markets...

Underlying dollar confidence will remain fragile with further unease over the risk of a medium-term move away from the US currency. Currency markets generally have been starved of direction over the past few weeks. This will increase the risk that key players will push more aggressively to break out of...