Action Forex |
- Daily technical outlook
- Greece deal delayed… again; Tomorrow?
- USDCHF broke above price channel
- Greece deal delayed… again; Tomorrow?
- USDCHF broke above price channel
- Daily technical outlook
- Euro rises on hopes of near Greek resolution
- USDCHF broke above price channel
- Euro rises on hopes of near Greek resolution
- USDCHF broke above price channel
| Posted: 07 Feb 2012 02:57 PM PST Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away. ~ Antoine de Saint-Exupery Good morning. The euro is recovering after yesterday's test of support at $ 1.3050, although all eyes are on Greece these days. Current recovery is all about following the Aussie dollar which rallied big time in Asian session against most counter-parts after RBA surpr |
| Greece deal delayed… again; Tomorrow? Posted: 07 Feb 2012 02:50 PM PST We may start calling it ‘the never ending story.’ Today, the Greek government and the Troika delayed yet again till tomorrow the presentation of the final draft of the bailout agreement. However, it seems this time the deal is almost here, either tomorrow or the day after tomorrow. Earlier on the day, Angela Merkel said that she “will have no part in forcing Greece out of the euro,” answer |
| USDCHF broke above price channel Posted: 07 Feb 2012 02:40 PM PST USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we'd expect downtrend to resume, and one more fall tow |
| Greece deal delayed… again; Tomorrow? Posted: 07 Feb 2012 01:50 PM PST There is the never ending story. Today the Greek government and the Troika has delayed for tomorrow the presentation of the final draft of the bailout agreement, like yesterday. Whatever, it seems that the deal is almost here, tomorrow or the day after tomorrow. Meanwhile Angela Merkel said that she “will have no part in forcing Greece out of the euro,” answering a question in a Berlin Museum. Late tod |
| USDCHF broke above price channel Posted: 07 Feb 2012 01:44 PM PST USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we'd expect downtrend to resume, and one more fall tow |
| Posted: 07 Feb 2012 12:54 PM PST Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away. ~ Antoine de Saint-Exupery Good morning. The euro is recovering after yesterday's test of support at $ 1.3050, although all eyes are on Greece these days. Current recovery is all about following the Aussie dollar which rallied big time in Asian session against most counter-parts after RBA surpr |
| Euro rises on hopes of near Greek resolution Posted: 07 Feb 2012 12:45 PM PST The euro was boosted on Tuesday by the news that the Greek government is preparing a final draft of the bailout agreement, which will be presented to the party leaders and discussed at a meeting scheduled for 20:00 GMT. Nevertheless, Jamie Coleman from Forex Live is skeptical about the final outcome of the Greek government’s efforts: "There was an agreement that resulted in the first bailout. There have |
| USDCHF broke above price channel Posted: 07 Feb 2012 12:42 PM PST USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we'd expect downtrend to resume, and one more fall tow |
| Euro rises on hopes of near Greek resolution Posted: 07 Feb 2012 11:45 AM PST The euro was boosted on Tuesday by the news that the Greek government is preparing a final draft of the bailout agreement, which will be presented to the party leaders and discussed at a meeting scheduled for 20:00 GMT. Nevertheless, Jamie Coleman from Forex Live is skeptical about the final outcome of the Greek government’s efforts: "There was an agreement that resulted in the first bailout. There have |
| USDCHF broke above price channel Posted: 07 Feb 2012 11:41 AM PST USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we'd expect downtrend to resume, and one more fall tow |
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