EURUSD

Forex Trading: EURUSD tests 100 hour moving average....AGAIN

Greg Michalowski — Wed, 20 Aug 2008 14:31:40 -0400

The EURUSD is testing the 100 hour moving average once again. The level is currently at the 1.4732 level.

Forex Trading: EURUSD testing the 100 hour moving average

Greg Michalowski — Wed, 20 Aug 2008 09:23:04 -0400

The level comes in at 1.4741.

Forex Trading: Nothing on the release agenda. Range bound for the currency pairs?

Greg Michalowski — Wed, 20 Aug 2008 08:34:44 -0400

Today we have zero in the way of US economic data. Overnight, the dollar got stronger/currencies weaker. However, I would not consider the moves trend-like.

The pairs did reject the moves above the key 100 hour moving averages yesterday. The EURUSD, for example, broke above the line, then followed the moving average rather than extend above it. Eventually, the pair lost the buying momentum, traders squared up and sold back below the key line. The 100 hour moving average now comes in at 1.4743. The market will probably test the line again and see.

Forex Trading News: A Look at the EURUSD

Mr. Danish FX — Wed, 20 Aug 2008 00:36:52 -0400

The EURUSD gained some momentum but failed to break through the 1.4800 level during the Asian session today. 1.4800 will provide some strong resistance for the pair as it is a key Fibonacci level as well at 38.2%.

Forex Trading: Markets not ready to commit. EURUSD moves back to neutral, GBPUSD and USDCHF moving that way too.

Greg Michalowski — Tue, 19 Aug 2008 13:38:33 -0400

The EURUSD has moved back below the 1.4768 to 1.4773 level (100 hour moving average is at 1.4773). The GBPUSD is back testing the 1.8655 100 hour moving average, and the USDCHF is getting closer to it's 100 hour moving average at the 1.0938 level. The market seems reluctant to commit at this moment to a change in trend, despite the reversal of oil, gold and commodities. I think the market is content with sitting back and taking a rest.

Forex Trading: It is EURUSD's Turn. Stop below 1.4768

Greg Michalowski — Tue, 19 Aug 2008 12:35:25 -0400

The EURUSD has broken convincingly through key resistance at the 1.4773 level. The market should buy against the level now with a stop if the pair gets below the 1.4768 level (the high price from yesterday).

Forex Trading: Now its EURUSD's turn?

Greg Michalowski — Tue, 19 Aug 2008 12:17:16 -0400

CLICK ON CHART TO EXPAND

The EURUSD is the next to test the 100 hour moving average. GBPUSD, USDCHF and USDJPY have all broken through the level today. The EURUSD is testing the level now at the 1.4773.

Forex Trading: EURUSD approaches 100 hour Moving average at 1.4773.

Greg Michalowski — Tue, 19 Aug 2008 11:38:57 -0400

The 1.4769-73 area is shaping up as key resistance for the EURUSD. The high from yesterday as well as the 100 hour moving average come in at the area. A break and close above the 1.4773 level should lead to further buying from profit takers.

Forex Trading: EURUSD extended to the downside, but moving higher

Greg Michalowski — Tue, 19 Aug 2008 09:33:57 -0400

The EURUSD moved to new recent move lows overnight on the higher inflation (below 1.4658 to a new low of 1.4630). The higher inflation in the Eurozone is thought to be contractionary to the economy and certainly would prevent the ECB from easing rates. As a result, the economy would slow more, hurting the currency. At least that was the initial reaction.

Forex Trading News: EURUSD Trading Near Support

Mr. Danish FX — Tue, 19 Aug 2008 02:18:19 -0400

Following 27-year high producer price inflation in Germany, the EURUSD is trading right near the support level of 1.4656 which is the low from 8/15. The pair penetrated through this level briefly but was unable to build momentum thereafter.