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EUR/USD currency pair went down slowly on Forex today after the news releases regarding Treasury International Capital and Consumer Price Index came out in U.S. EUR/USD opened at 1.5911 and quickly formed an upward spike with a highest level at 1.5948, currently it’s trading at 1.5861.
CPI gained 1.1% …
The U. S. dollar reached its new all-time low against the European currency and is now trading just a little below that level. After some positive economic releases came out in U.S. dollar recovered slightly but is still trading in a very dangerous zone near 1.6000 level. The …
EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: sell.
EUR/JPY trend: buy.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.5388 | 1.5499 | 1.5719 | 1.5830 | 1.6050 | 1.6161 | 1.6381 |
| GBP/USD | 1.9390 | 1.9519 | |||||
EUR/USD soared to the new highs near 1.5885 after the data on exports and imports was released in U.S. today. And, although the indicators came out better than expected, the dollar dropped at a very fast pace against all major Forex currencies.
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The EUR/USD currency pair declined today before and after the macroeconomic releases that were scheduled for today and even after the speech by the Fed’s Ben Bernanke. In his speech Bernanke said that he will prolong the emergency-loan program for the banks into 2009. …
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EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: hold.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.5352 | 1.5503 | 1.5605 | 1.5756 | 1.5858 | 1.6009 | 1.6111 |
| GBP/USD | 1.9531 | 1.9662 | |||||
EUR/USD fell sharply today paring the weekly gain as the employment statistics in U.S. was released. Not only employment figures disappointed market participants, but also ISM services index declined faster than expected in June. But for some strange reason that supported the U.S. …
EUR/USD grew today to its monthly maximum and remained well above the yesterday’s close level after the bad data on employment was released in U.S. today. Other economic releases failed to support the dollar today.
ADP employment report surprised markets with 79k drop in jobs in June, …
