Bullish Slant Has Been

The bullish slant (in purple) and also 89.00 have been broken. So, a new sell signal has been given. We maintain to trade only short positions as far as the parity is moving into its long term bearish channel. The next objective is at 89.34 and the break out of this level will give a new sell signal.

1100 is currently being broken. If the break out is validated, a sell signal will be given and we will then advise to trade only short positions as far as 1102.5 is resistance. However, if this level get back as support, a buy signal will be given.

The parity continue its bearish movement and is going to test the support at 89.29 (level 50%). The break out of this level will give a new sell signal. The next objective is at 88.23 (level 61.80%). We maintain to trade only shorts positions as far as 90.5 is resistance. A correction is however likely to happen on 89.29 given the fact that the RSI is in the oversold zone.

1.5675 has been broken and the bullish slant is currently tested. If the slant is broken, a sell signal will be given and we will then advise to trade only short positions as far as 1.5727 is resistance. To enter long, we will wait the break out of 1.5727. So, at this time, we stay neutral.

90.34 has been broken and the buy signal is given. We will now advise to trade only long positions as far as the bullish slant is support. The next objective is at 91.64 and the break out of this level will give a new buy signal. Only the break out of 90.34 will allow us to get short on the parity.

American and European stocks traded lower this week due to risk aversion among traders, and this has helped support the Dollar's resurgence. With a EUR-heavy news day ahead of us, the USD may take a back-seat during the morning hours. A slew of positive releases from the Euro-Zone could allow us to see a rebound in a few of the major pairs. On the other hand, if Europe's data falls short of expectations, traders should anticipate a continuation of the bullish run in the USD. Economic News USD - U.S. Dollar Trades Higher on Stock Market Declines The U.S. Dollar continues to climb against its rivals as risk aversion appears to be on the rise. The USD has in fact climbed exceedingly higher against the EUR by reaching a price level below 1.4100 for the first time in over 20 weeks. The ...

1.6230 is currently broken. If the break out is validated, the sell signal will be given and a return on 1.6078 (fibonacci retracement 23.60%) is expected. We will then advise to trade only short positions as far as 1.63 is resistance. However, if the break out is not validated, we will stay neutral on the parity.

The US Dollar was little changed against the EUR but fell significantly against the yen during Tuesday's trading session after the People's Bank of China increased the amount of reserves Chinese banks must hold in order to slow the growth of credit. Economic News USD - Dollar Lower Against Yen The US Dollar was trading lower against the EUR yesterday as traders stayed away from riskier assets such as equities and crude oil, opting for the safety of the Yen. In addition to the new banking restrictions in China, concerns over the sovereign debt of Greece did little to increase traders' risk appetite. At the end of the trading day, the EUR/USD traded at 1.4472 from an opening price of 1.4482. An absence of significant data releases on the economic calendar had trades being driven on the ...

The bullish slant has been broken and gave us a buy signal. Then, the resistance at 0.7198 has been reached. We will now advise to trade only long positions as far as the slant is support. The break out of 0.7198 will give a new buy signal. However, the bullish potential will be limited given the fact that the upper band of the bearish channel is close. But, the break out of this line will give a strong buy signal.