EURUSD

Forex Trading:EURUSD breaking through the lows

Greg Michalowski — Fri, 04 Jul 2008 07:22:22 -0400

The EURUSD is breaking through the lows and is now targeting the 1.5605-16 level where there is the 100, 200 and 50% Retracement support levels on th 4 hour chart all lining up.

Forex Trading News: EURUSD Drops, But Stays in Channel

Mr. Danish FX — Fri, 04 Jul 2008 00:22:55 -0400

Back to the channel I have been looking at since June 13th. Last night, before the ECB Rate Hike and US Job data, it appeared that there was a strong chance the channel would be broken to the upside and 1.6000 was a reality for the EURUSD. However, as all of the info of the day was digested by traders and appearing that yesterday's data may have been priced in already, we see the EURUSD testing the bottom of this channel. As the extended holiday weekend has begun, it could shape up for a quite night. But we'll see if the channel holds as next week gets rolling.

Forex Trading: EURUSD breaks low... more stops hit

Greg Michalowski — Thu, 03 Jul 2008 12:27:17 -0400

The EURUSD is getting more illiquid and just fell from 1.5715 to 1.5680 level. The 1.5695 level will now be watched.

Forex Trading. EURUSD taking another step lower

Greg Michalowski — Thu, 03 Jul 2008 10:40:05 -0400

The EURUSD is taking another step lower as position squaring forces the stops below the 1.5720 level.

Forex Trading: EURUSD and GBPUSD levels remain the same

Greg Michalowski — Thu, 03 Jul 2008 10:14:50 -0400

GBPUSD: Expect support in the 1.9830's with stops below 1.9826.

EURUSD. The key level is now 1.5802 on the upside. Support at the days lows of 1.5736.

Position squaring will dominate the next hour or two as London and Europe go home and the market enters the holiday mode (for the US at least)

The stock market is the wild card.

Forex Trading: EURO Breaks 1.5800 key level and sells off hard

Greg Michalowski — Thu, 03 Jul 2008 08:55:10 -0400

Trichet sparks next move lower through key support at 1.5800

SAYS ECB HAS NO PRE-COMMITMENT
SAYS STARTING FROM HERE I HAVE NO BIAS
SAYS PRESENT POLICY STANCE WILL HELP MEET PRICE GOAL
SAYS HE DIDN'T MENTION ANY UPSIDE GROWTH RISKS
SAYS GROWTH RISKS ARE ON THE DOWNSIDE
SAYS 3Q MAY ALSO NOT BE FLATTERING

1.5720 next key level of support. Expect good support.

Upside >1.5810 back to neutral.

Forex Trading: EURUSD testing support at the 1.5800 level

Greg Michalowski — Thu, 03 Jul 2008 08:40:23 -0400

Testing support now. at 1.5800.

Forex Trading: EURUSD fairly quiet after the change

Greg Michalowski — Thu, 03 Jul 2008 08:07:24 -0400

Through the number, a weaker number will test the 1.6000 level and/or the 1.6019 high from April 22nd. On the downside, the key level to break (AND STAY BELOW) on a stronger than expected number would be the 1.5800 level. This would break the 50% level of the last leg up at 1 5813 and the 100 hour MA at 1.5801. Expect a volatile trade. Revisions will play a role. The Unemployment Rate is probably just as important, if not more important than the NFP. All point to confusion in the first few minutes of trade as the market sorts through the data.

Forex Trading News: EURUSD Trying to Break Channel

Mr. Danish FX — Thu, 03 Jul 2008 00:13:59 -0400

As the ECB's Rate decision, along with the US Job data all falling right before the long holiday weekend, the EURUSD is the focus of the currency market. Starting back on June 12, this ascending channel has been tested once with a head-fake breakout on June 30. Once again today, as the EURUSD hit two month highs the channel was broken. Keep an eye on this pair today as the data and holiday market conditions could make this a very interesting day for the EURUSD. Will 1.600 be tested???

Forex Trading: EURUSD stops being hit

Greg Michalowski — Wed, 02 Jul 2008 10:35:32 -0400

EURUSD runs into stops above the days highs and moves to the new highs.