FreshPips.com / User / liviuf / Submitted

Daily technical outlook 5-27-10

posted by liviuf 731 days ago in EUR, GBP, Gold made popular 730 days ago

Another day, another leg down: the euro fell near recent low into the 1.2450 zone – thus forming a double bottom pattern. However, other double bottom have been formed just few weeks ago (at 1.2520 – May 6 and 13) and it was easily breached to th

Discuss

Daily technical outlook 5-26-10

posted by liviuf 732 days ago in EUR, AUD, Technical made popular 731 days ago

The euro fell to as low as 1.2177, erasing most of last week’s gains. Downside pressure remains high as yesterday’s recovery from 1.2177 to 1.2385 was unsustainable and the 1.22 region is back in focus at time of writing. The EURJPY was the main

Discuss

Daily technical outlook 5-25-10

posted by liviuf 733 days ago in EUR, GBP, Technical made popular 732 days ago

Euro’s weakness continues on concerns that European debt crisis is spreading. Support levels established last week at 1.2440/50 and 1.2340 have been taken out and further weakness seems to be in the cards for now – next support emerging at 1.2130

Discuss

Daily technical outlook 5-24-10

posted by liviuf 734 days ago in EUR, GBP, Technical made popular 733 days ago

The dollar recovered Friday’s losses against the euro after South Korea said it will halt trade with its northern neighbor and seek United Nations Security Council action over the sinking of a warship last month.

Discuss

The week ahead 05/24-05/28

posted by liviuf 734 days ago in EUR, GBP, Weekly

The euro initiated a recovery cycle after printing a fresh multi-year low at 1.2145 but it still trades far below last month’s region. Sentiment remains highly bearish on both short-term and medium-term studies and the 525 points recovery from 1.

Discuss

Daily technical outlook 5-19-10

posted by liviuf 739 days ago in EUR, Technical, Gold

After a second round of testing the intra-day resistance region between 1.2415-1.2450, the euro failed to hold above support at 1.2350 and resumed the decline, printing a fresh low at 1.2143. Yesterday’s sell-off was fueled by Germany’s ban on so

Discuss

Daily technical outlook 5-18-10

posted by liviuf 740 days ago in EUR, Gold made popular 739 days ago

The euro recovered some lost ground yesterday after printing a fresh low at 1.2233, level which was last seen in April 2006. Overall short-term and medium term sentiment remains highly bearish and former support levels are providing upside barrie

Discuss

Daily technical outlook 5-17-10

posted by liviuf 741 days ago in EUR, GBP, Gold made popular 740 days ago

The euro trades around levels of 2006 as the decline continues on concern European measures to reduce fiscal deficits will undermine the Euro-zone’s recovery and worries about the potential contagion from Greece’s ongoing problems are fueling the

Discuss

Daily technical outlook 5-14-10

posted by liviuf 744 days ago in EUR, GBP, Technical made popular 743 days ago

Risk still lies to the downside as the euro continues its bearish trajectory, retesting last week’s bottom at 1.2520. The said support holds for now and a correction might be underway, but playing from short side remains a feasible plan

Discuss

Daily technical outlook 5-12-10

posted by liviuf 746 days ago in EUR, GBP, Gold made popular 745 days ago

The euro is back near its recent low as Monday’s correction was just a new opportunity for sellers to increase their bets against the euro. A short-term bounce of some sort will most likely face the same selling pressure and strength will be shor

Discuss

Daily technical outlook 5-11-10

posted by liviuf 747 days ago in EUR, GBP, Technical made popular 746 days ago

EURUSD - Bulls’ optimism fades away as the euro could not sustain gains into the 1.3 region yesterday and dropped to Friday’s levels, filling the opening gap. 1.2700 provides a minor support now that earlier established support around 1.2740 form

Discuss

Daily technical outlook 5-7-10

posted by liviuf 751 days ago in EUR, JPY, Technical made popular 750 days ago

It’s hard to describe yesterday’s markets disaster. The DJIA fell 10.000 points erasing this year’s gains before recovering, EURJPY fell 1024 points, GBPJPY fell 1250 points, the zombie EURCHF fell 340 points, the euro reached a fresh low

Discuss