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EUR/USD gained today as Germany and France discussed changes to the European Union treaties that may result in stronger fiscal integration of the EU members. The negative data from the United States also helped the currency pair.
ISM services PMI posted a decrease to 52.0% in November from 52.9% in the month before instead of the expected …
Last week, I’ve described my point of view on the partial profit taking in Forex. In short, I believe (and support my belief with some simple math) that closing a part of profitable position before reaching the main target is a bad technique if you are using entry system with an edge. …
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.2961 | 1.3110 | 1.3250 | 1.3399 | 1.3539 | 1.3688 | 1.3828 |
| GBP/USD | 1.5120 | 1.5288 | 1.5442 | 1.5610 | 1.5764 | 1.5932 | 1.6086 |
| USD/JPY | 76.41 | 76.84 | 77.40 | 77.83 | 78.39 | 78.82 | |
EUR/USD continued to rise today, but the currency pair relinquished part of its gains after the US unemployment rate unexpectedly dropped last month. The positive market sentiment still supports the euro, yet again traders talk that the European leaders need to perform some visible steps to defeat the region’s crisis …
EUR/USD extended its rally after the yesterday’s surge on the announcement of the joint action of the major central banks to make dollars cheaper in swaps among banks. Today, Spain achieved the maximum target in the debt auction, while the yield on the French bonds fell. The data from the United States was positive for the most part, but …
