The Euro has rallied steadily during the last two weeks, to reach levels right below the 61.8 retracement of the November-January downtrend, at 1.3739, where, according to Karen Jones, technical analyst at Commerzbank, some profit-taking is expected...Full Story at...
It's a mixed day for the pair and also have some important news releases slated for the day. Watch out and proceed with caution.
Buy on a dip to the 1.3620 level for 80 pips.
Sell from a pullback around 1.3730 (aggressive) or 1.3790 for 60-80 pips.
You can set a SL of 40 in all cases...
We are back and today we expect the EURUSD to head North between the 1.28830 and 1.29125 barrier area.
Here is a Visual of our Forecast for January 11, 2011
Note that all analysis are personally edited and approved by Forex Analyst Navin Prithyani.
An early attempt by the USD to push higher failed to gather much traction as the European session got underway. EUR/USD failed to sustain a dip below USD1.4500 despite a EUR negative FT report that Portugal faces the risk of a downgrade. While USD/JPY remains off its overnight lows it continues...
What currency pairs are your favorites when you trade on Forex? I prefer EUR/USD and GBP/JPY. The first is very popular and thus quite predictable, while GBP/JPY has a very high intraday volatility, which allows earning more pips.