USD   Most currency pairs traded within narrow ranges on Tuesday and trading activity was rather slack on the back of lack of economic statistics from neither of world regions. Traders are now holding on ahead of re-elections in Greece, concerned about their results, as they may have a significant impact on the [...]

   Eurodollar is trading in a range which it is currently at the top of and poised for a possible breakout higher. If it succeeds then expect a strong move up to the level of the weekly pivot at 1.2630 which is also equal to the width of the consolidation. Given the pair has broken out [...]

USD    The dollar fell on Monday after risk appetite increased following greater optimism that European leaders could find a solution to the euro-zone debt crisis. Reports showed leaders were discussing leveraging the European Financial Stability Fund (EFSF) and introducing coercive powers to enforce budgetary discipline on fiscally irresponsible members. The dollar temporarily recovered, however, after [...]

  USD   USD strengthened against all its major currency rivals last week, as well as versus other currencies, such as Canadian dollar and the Aussie. Escalating European debt concerns weighed on the euro and the pound, upsetting risk appetite and pushed investors back into safe haven assets. The dollar turned out to be the [...]

   The aussie is overextended and has reached a significant channel line which is currently resisting it. It will probably fall and find support at the support and resistance level around 0.9885. What happens after that is difficult to forecast but a resumption of the down-trend is probable, possibly to close the gap opened this morning [...]

Support at level 0.9730/00 held back a decline, like expected. False breakouts took place at 0.9660/70 level. Trading has already pulled back up to 0.9900/20 line. Indicators are turning, suggesting the change of sentiment in the market. The fact that SS is currently being in the oversold zone is halting this process. Growth will probably [...]

Forecasts confirmed – the price continued its decline, like expected, but stopped at 1.5420/25 level. At the moment it’s pulling back up, trading is carried out around 1.5540/30 levels. Indicators have abruptly turned “bullish”, which gives reasons to anticipate further ascension to a downtrend channel (red) line, 1.5580/70 resistance zone. Until this level is breached, [...]

   The EUR/USD pair gapped up this morning and rallied to 1.3400 where it has just encountered resistance from a long-term trend-line. It will probably pull-back from the resistance and fall to support at around 1.3350. After that it is difficult to say as the down-trend is still active but the strong momentum in the current up-move [...]

The “bears” tested 1.3240/50 target level and declined further down to 1.3210 level, but failed to hold there, so the price retraced upwards. At the moment trading is carried out at 1.33350/60 line. Indicators are turning up, although SS indicator is now being oversold, suggesting to consider this growth as a correction after the recent [...]

USD    The dollar continued its risk-off rally as euro-zone debt and contagion fears continued to weigh on riskier currencies and investors sought out liquidity with the world’s reserve currency. The main engine of flight were yields on short-dated Italian debt, which pushed to a new euro-era high at an auction on Friday, reaching above 6.0% [...]