Sunday, 19 February 2012

Action Forex

Action Forex

EURUSD is facing 1.3026 support

Posted: 19 Feb 2012 11:42 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

EURUSD is facing 1.3026 support

Posted: 19 Feb 2012 08:44 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

EURUSD is facing 1.3026 support

Posted: 19 Feb 2012 01:40 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

Hopes for Monday Greek bailout deal lift markets

Posted: 18 Feb 2012 11:47 PM PST

EU officials seem to be very determined to finalize the agreement on the second Greek bailout at the upcoming Eurozone finance ministers meeting scheduled for Monday. Germany is not pushing for a delay of the payment anymore and throughout Friday conference calls were held between various EU officials in order to discuss the details of the deal. The idea to of a two-step bailout procedure, proposed during a Euroz

Minutes January 24-25 FOMC Meeting: Divided House about Additional Quantitative Easing

Posted: 18 Feb 2012 07:16 PM PST

The minutes of the FOMC meeting of January 24-25 presented a range of opinions about whether further monetary accommodation through asset purchases (QE3) is necessary. At one end of the spectrum, "a few members observed that, in their judgment, current and prospective economic conditions – including elevated unemployment and inflation at or below the Committee's objective – could initiate the purchases of

EURUSD is facing 1.3026 support

Posted: 18 Feb 2012 04:44 PM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.
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