Euro Dollar: A depreciation of the euro is possible in the short term Tuesday, July 27, 2010 at 11:52

After having stagnated following the announcement of good results from European banks to stress tests, currency traders have finally decided to take long positions on the cross. The euro has appreciated against the dollar but also against the yen.
At 11:50, the spot is approximately 1.2980 Euro Dollar $ Euro Yen cross and traded around the 113.40 yen.
In daily data, the cross is located in an ascending channel (shown in black). This provides a level of support around the $ 1.2860. $ 1.3125 The act of resistance. This level corresponds to a 38.20% retracement of the decline between December 2009 and the low points in June 2010.
In the medium term, we remain bearish as long as $ 1.3125 are not exceeded in the direction of $ 1.2733 (+ graphic level moving average 20 days).
Despite the bullish momentum given day, the Euro Dollar remains under pressure. Indeed, the resistance of $ 1.3021 slows the progression of the cross. Exceeding this last bullish momentum could be achieved towards the $ 1.3125 (level of resistance to medium term).
In the short term, a return to parity in the direction of $ 1.288/60 (channel support daily) is our preferred scenario.

Hourly data chart:



Daily data chart:

Euro Dollar: The German IFO scrambled Euro Friday, July 23, 2010, 12:48

Yesterday investors welcomed a volley of good macro-economic statistics in the eurozone. In France, the INSEE survey showed that manufacturers are more optimistic (98 against 96 in June), while in Germany, the manufacturing PMI came out at spring up to 61.2 (against 58.4 in June).
This morning, the pleasant surprise comes from Germany. According to the Institute of Economic Research and Forecasting German (Institut für Wirtschaftsforschung), index Ifo business climate emerged at 106.2 points as of July, against 101.8 points in June, and 101 5 anticipated by economists. The reaction on the foreign exchange market did not wait, the euro has appreciated sharply against the dollar.
Nevertheless, the nervousness is still palpable on Friday on financial markets, who are eagerly awaiting the results of the infamous "stress tests", scheduled for late afternoon (around 18 hours a priori). An exercise that should not reveal major surprises and may even reassure analysts said Paris pretty confident before the verdict.

Around 12:30 the spot is approximately $ 1.2940.

From a graphical perspective, the momentum remains bearish in the medium term. However, exceeding the $ 1.31 invalidate our scenario and then propel cross towards $ 1.3511.
Yesterday the currency pair euro / dollar moved in a downward channel (visible in black on the chart given daily). But it was invalidated. The potential output channel which is around the $ 1.2967 was reached.

Hourly data chart:



Daily data chart:

Euro Dollar: Pending the results of stress tests Wednesday, July 21, 2010 13:12

The approach of the results of the famous "stress tests" of European banks on Friday and set the hearing of Ben Bernanke on Wednesday, have heightened fears of investors. The chairman of the Federal Reserve (FED) will today and tomorrow before the Senate's verdict on the U.S. economy.
This morning, the euro depreciated against both the dollar and the yen.
The European currency is still penalized by the traders' fears about the results of stress test, despite the reassuring words of Dominique Strauss-Kahn. The director of the International Monetary Fund (IMF), displays some confidence before the appointment, saying that banks "are strong enough to withstand any earthquake either. It does not, however, that the tests might reveal "by here and there, small financial institutions in difficulty."

Towards the spot is approximately 13h $ 1.2810.

From a graphical perspective, the momentum remains bearish in the medium term. However, exceeding the $ 1.31 invalidate our scenario and then propel cross towards $ 1.3511.
The currency pair euro / dollar was changing yesterday in a trading range ($ 1289 - $ 1.30). The latter has been broken down. A short-term downward momentum should occur towards $ 1.2778, $ 1.2672 even.

Hourly data chart:



Daily data chart:

Euro Dollar: The indecision is placing on the Cross Tuesday, July 20, 2010 at 13:23

The financial markets are in sharp decline before a new set of quarterly publications expected Tuesday across the Atlantic, starting with the banking giant Goldman Sachs before Apple and Yahoo in the evening.

At about 1:20 p.m., the spot is worth approximately $ 1.29.

From a graphic point of view, currency pair euro / dollar is now moving into a trading range visible on the graph given hour ($ 1289 - $ 1.30). Speculators can take advantage of it to play on the terminal reactions of low and high marker.
In the medium term, the momentum remains bearish. Exceeding the $ 1.31 invalidate this scenario and then propel cross towards $ 1.3511.

However, no effective trading port of entry can not be reached for hours for a medium term trade. Under these conditions, we prefer simply to stay out of the spotlight during the next few hours, and does not take a position.

Hourly data chart:



Graphic data tasks:

Euro Dollar: The fears are still present, the euro could benefit Monday, July 19, 2010 at 12:58

Fears about the economic recovery are still present and especially overseas. Macroeconomic statistics released last week have disappointed operators and thereby stimulated the European currency. Indeed, the CPI for consumer prices fell unexpectedly in June in the United States. On the other hand, the confidence index from the University of Michigan contracted to 66.5 in July, against 76 the previous month and 74.2 expected by economists.

After a weekend very difficult, markets are still under pressure on Monday morning. Indeed, traders await the release this Friday, July 23, the results of "stress tests" imposed a hundred banks in the eurozone. Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF), however, shows some confidence before the appointment, saying that banks "are strong enough to withstand any earthquake either. It does not, however, that the tests might reveal "by here and there, small financial institutions in difficulties."

On Monday, the euro continues to rise against the dollar. Around 13:00, the spot is approximately $ 1.2960.

Graphically, the trend remains bullish in the short term as evidenced by the short-term moving averages, which are always well oriented. Crossing the resistance of $ 1289 should enable the euro to rally the $ 1.3094 / $ 1.31. This level corresponds to both a 38.20% retracement of the decline between December 2009 and June 7, 2010 (or cross had hit a yearly low was $ 1.1877) and a major graphical upgrade.

However, in the medium term, the momentum remains bearish. Exceeding $ 1.31 invalidate this scenario and then propel cross towards $ 1.3511.

Hourly data chart:



Daily data chart:

Euro Dollar : L'Euro se replie face au dollar Lundi 12 juillet 2010 à 12:09

The dollar continues to catch up against the euro this morning, in a context of renewed confidence in U.S. economic recovery. This atmosphere is catalyzed by good macroeconomic figures published last week. The coming week promises to be rich in publications with U.S. Alcoa course but also, from Tuesday, the accounts of Intel, AMD, JPMorgan Chase, Citigroup and Bank of America.
Around 12:00, the spot EURUSD is approximately 1.2560.

From a graphical perspective, we are still bearish medium-term Dollar Euro towards $ 1.2145, $ 1.1877 even as the $ 1.2672 / 1.2722 are not exceeded.

From a graphical perspective, the currency pair euro / dollar seems to be stabilizing. However, no entry point trading can not be reached for effective time for a short term trade down. Under these conditions, we prefer simply to stay out of the spotlight during the next few hours, and does not take a position.

Hourly data chart:



Daily data chart:

Euro Dollar: A good entry point to play down the Euro Dollar Thursday, July 8, 2010 at 12:08

The Euro is changing this morning up slightly against the dollar. However, the single currency is still below its resistance of $ 1.2672. Yesterday, the cross has exceeded its intermediate resistance of $ 1.2611 to return to the contact resistance of 1.2672 $ major.

Around 12:00, the spot euro / dollar is approximately 1.2665.

From a graphical perspective, we are still bearish medium-term Dollar Euro towards $ 1.2145, $ 1.1877 or even 1.2672 as the $ is not exceeded. The level of 1.2672 corresponds to both: to 23.6% retracement of the decline since December 2009 on top of the cross but also an important resistance level graphics.

In the short term, changing the cross above its moving average 20 hours (shown in dark blue on the chart schedule). Moreover, the slope of the latter is positively oriented. However, we remain bearish as long as $ 1.2672 are not exceeded.
A subsequent motion correction should take place towards $ 1.2611, $ 1.2560 even. Exceeding $ 1.2672 invalidate our scenario in the short and medium term, in this case, a rise towards $ 1.3094 in the medium term, could occur.

Hourly data chart:



Daily data chart:

Euro Dollar: Fears about the U.S. recovery is good for the Euro Tuesday, July 6, 2010 at 12:59

The weak dollar pushed the euro to around 1.2610 this morning. Currency traders have tended to abandon the dollar temporarily shelter. Indeed, the economic environment in the United States does not seem to be favorable than expected by operators. The sustainability of economic recovery began to be questioned, especially with the latest macroeconomic statistics released last week.

Around 12:30, the spot EURUSD is approximately 1.2590.

From a graphical perspective, we are still bearish in the medium term the Euro dollar towards 1.2145 or even 1.1877 until 1.2672 are not exceeded. The level of 1.2672 corresponds to both: to 23.6% retracement of the decline since December 2009 on top of the cross but also an important resistance level graphics.
Lures a long weekend of three days tied to the U.S. national holiday, U.S. markets will reopen today at 16:00 and operators will learn about the ISM services index

Hourly data chart:


Daily data chart:

Euro Dollar: Spain reassures, but what about the U.S. employment? Friday, July 2, 2010 at 11:34

The euro has stabilized this morning around a threshold of 1.25, after surging yesterday in the wake of a successful bond issue by Spain, a country under strict surveillance on the issue of public debt.
If such waiver constitutes a positive response to the recent warning from Moody's, trading rooms, however, remain extremely cautious approach to the official statistics on the health of U.S. employment.
On Wednesday, private practice in human resources ADP offered us an estimate of the number of jobs created in June in the United States to 13,000, a level well below the consensus.

Around 11:20, the spot EURUSD is approximately 1.2500. The single currency has not seen this level against the greenback since May 24
From a graphical perspective, the surge in cross registered yesterday was followed this morning by a legitimate phase of consolidation around a point at 1.2500. This episode is not finished, we prefer not to attempt to trade immediately on the currency pair euro / do

Graphique en données horaires :


Daily data chart: