Day: December 12, 2009

December 12
2009

Dollar Bullish Trends Gain Momentum

The dollar ended this week with the highest rate versus the European common currency after positive reports in the U.S. suggested that the North American economy’s pace of recovery is accelerating, attracting investors to dollar priced assets. After a report indicating better than expected figures for retail sales and an increase in consumer sentiment were published in the United States, the dollar gained versus most of the 16 main traded currencies reverting a losing […]

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December 12
2009

Forex Technical Analysis for 12/14—12/18 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: hold. GBP/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4421 1.4621 1.4739 1.4940 1.5058 1.5258 1.5376 GBP/USD 1.5988 1.6184 1.6328 1.6525 1.6669 1.6865 1.7010 USD/JPY 82.44 84.15 87.34 89.05 92.24 93.95 […]

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