ForexGen Trading Broker: Euro

Euro Soars Against US Dollar

Wed, 17 Dec 2008 20:36:27 GMT

Euro Soars Against US Dollar - Is This a Trend Change or Retracement?The Euro has registered some very impressive gains against the US dollar this week, adding nearly 5% in just the past two days. The pair is now re-testing the multi-year bullish trend line that had guided price action since 2002 and was broken to the downside at the beginning of October. This is the proverbial line in the sand:... [read more]

Euro and Pound Fall As Service Sectors Contract Further

Wed, 03 Dec 2008 22:01:28 GMT

Euro and Pound Fall As Service Sectors Contract Further, Fueling Speculation Of Deeper Interest Rate Cuts The Euro fell sharply to as low as 1.2610 before finding support as weak service sector and retail sales reports generated bearish sentiment. The Euro-Zone PMI measurement fell to 42.5 from the flash estimate of 43.3 and last months read of 45.8. • Japanese Yen: Finding Support at 92.80 •... [read more]

Euro Rallies from Bottom of Range

Wed, 03 Dec 2008 03:17:27 GMT

Euro Rallies from Bottom of Range; Where from Here?Euro / dollar resistance should be strong in the 1.28-1.30 zone. It is possible that a rally to there completes a triangle that began at the end of October. The next move would be lower, below 1.2330.One can make both a bullish and bearish argument for the euro / dollar going forward. From the bearish perspective, the euro / dollar could still... [read more]