Forex: The Risk Today
April 21, 2010 by Forex District · Leave a Comment
The Risk Today: EurUsd EURUSD just can’t seem to get a break lately, as even the slightest glint of bullish momentum is soon quashed by fresh concerns that a potential bailout of Greece might not be workable, or that it may drag the rest of its Eurozone counterparts down into the mire with it. Looking [...]
Forex: The Risk Today
April 19, 2010 by AC-Markets · Leave a Comment
The Risk Today: EurUsd Risk appetite has continued to struggle since the Goldman inspired equity market slump on Friday, and EURUSD has also been weighed by the ash-triggered paralysis of European travel networks and the possibility of Greece activating the EU/IMF bailout mechanism appearing ever closer. We are now approaching a critical juncture for the [...]
Forex: The Risk Today
April 9, 2010 by AC-Markets · Leave a Comment
The Risk Today: EurUsd So it seems that yesterday’s early push to lows of 1.3286 was as far as the bearish momentum could take us, and the major 25 March lows at 1.3268 have not looked threatened since. Indeed, despite the ample supply of depressing economic news and Greek bond market mayhem, EURUSD has now [...]
Forex: The Risk Today
April 8, 2010 by AC-Markets · Leave a Comment
The Risk Today: EurUsd Our head and shoulders pattern on the daily chart is now complete after hitting its target of 1.3330 yesterday afternoon, and securing over 100 pips of profit. As we had asserted previously, there was a good chance that the sell-off would overshoot our original target given that next downside support does [...]
Forex: The Risk Today
April 7, 2010 by AC-Markets · Leave a Comment
The Risk Today: EurUsd It’s slow going in the currency markets with sparse economic data to shrug off the residual long-weekend sluggishness; however we do have something to smile about as the head and shoulders pattern we highlighted yesterday is playing out according to plan; with the break of the 1.3460 neckline triggering a continued [...]
Forex: The Risk Today
April 1, 2010 by AC-Markets · Leave a Comment
The Risk Today: EurUsd The confluence of good European data, shockingly negative ADP payrolls and suspected quarter-end buying interest fuelled EURUSD higher yesterday; rallying relentlessly off the 1.3384 lows to 1.3561 highs so far. With the suitcases packed and planes booked for Easter holidays, it’s likely that liquidity will start thinning out acutely going into [...]
Forex: The Risk Today
March 31, 2010 by AC-Markets · Leave a Comment
The Risk Today: EurUsd After a strong showing yesterday morning, EURUSD simply couldn’t muster the momentum required to launch a serious attack on the long-term downtrend; and failure to consolidate above 1.3530 resistance meant the pair was quickly sold all the way back down to 1.3384 lows overnight. As both our short targets were met [...]
Forex: The Risk Today
March 30, 2010 by AC-Markets · Leave a Comment
The Risk Today: EurUsd The RSI divergence apparent during the recent sell-off has started to exert its effect on the price, with the pair pushing upwards to nudge the 1.3530 resistance level and looking to challenge the major downtrend resistance once more. That upper edge of the downtrend comes in today at 1.3555, but until [...]
