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Day: September 25, 2010
September 252010
Second Week of Gains for Euro, Analysts Continue Forecast Decline
The euro rallied last week despite the grim forecasts. This week the currency extended its rally, most notably against the dollar, against which it rose to the highest level since April. The analysts remained largely unconvinced, though, and continue predict the weakening of the euro. It’s true that main reason for the euro’s strength against other currencies was the weakness of those currencies. The US dollar weakened after the Federal Reserve signaled […]
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September 252010
Forex Technical Analysis for Week 09/27—10/01
EUR/USD trend: buy. GBP/USD trend: buy. USD/JPY trend: sell. EUR/JPY trend: sell. GBP/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2718 1.2873 1.3182 1.3337 1.3646 1.3801 1.4110 GBP/USD 1.5266 1.5385 1.5605 1.5724 1.5944 1.6063 1.6283 USD/JPY 81.97 83.05 83.65 84.73 85.33 86.41 […]
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