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Previous Analysis Of The Eur/usdTitle:
Technical analysis of the EUR/USD pair on March 23th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD found support yesterday on 1.3150 and is currently making a return above 1.32.
The pair is still moving below the lower band of its bullish channel (purple lines).
Indicators are globaly bullish.
We continue to advise long positions as far as 1.3150 is support.
The breakout 1.3250 will give a new buy signal and open the way towards 1.33 and 1.34.
In case of return below 1.3150, we will wait the breakout of 1.31 to advise short positions.
See the previous analysis of the EUR/USD pair of March 22th, 2012
EUR/USD Analysis
Title:
Dukascopy Afternnon Forex Overview : 22/03/2012
Fundamental Analysis
EUR
Euro Area region faced a faster contraction in private sector activity in March, highlighting worries the area may fall back into downturn. Composite PMI dropped from 49.3 in previous month to 48.7 in March reaching three month record low. Economists questioned by Marketwatch predicted the composite PMI to climb to 49.6. Service PMI fell from 48.8 to 48.7 and manufacturing index edged down from 49.0 to 47.7.
USD
After a slight decline to 353K two weeks ago, US unemployment claims kept sliding to a four-year-low at 348K last week. Economists say that this reading points to a robust recovery of the US labor market and the economy in general.
GBP
UK retail sales declined more than analysts predicted in previous month as households curbed spending. Retail sales ...
Title:
Technical analysis of the EUR/USD pair on March 22th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD made yesterday a new pullback on the support at 1.32.
A head and shoulder pattern seems to shape on the short term with a neck line on 1.32.
The pair is still moving below the lower band of its bullish channel (purple lines).
All indicators are bullish.
We continue to advise long positions as far as 1.3150 is support.
The breakout 1.3250 will give a new buy signal and open the way towards 1.33 and 1.34.
In case of return below 1.3150, we will wait the breakout of 1.31 to advise short positions.
See the previous analysis of the EUR/USD pair of March 21th, 2012
EUR/USD Analysis
Title:
Dukascopy Morning Forex Overview : 21/03/2012
Fundamental Analysis
EUR
"There’s been a growing realization that in fact the economic numbers particularly out of the States have been better than expected"
- David Miller, a partner at Cheviot Asset Management
The Stoxx Europe 600 Index declined 1.14 per cent to 268.97. Germany’s DAX Index slid 1.39 per cent and France’s CAC 40 Index lost 1.32 per cent. The U.K.’s FTSE 100 Index tumbled 1.17 per cent to 5,891.41.
USD
"The housing market continues to recover at a very gradual rate"
- Sal Guatieri, a senior economist at BMO Capital Markets
U.S. housing starts declined slightly in February, but the biggest increase in building permits in more than three years shows the industry is recovering. Housing starts fell 1.1% to an annual rate of 698,000 last month.
GBP
"The Bank of England is ...
Title:
Technical analysis of the EUR/USD pair on March 21th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD made yesterday a pullback on 1.32 as support and just validated the breakout of 1.3250, offering a new buy signal.
The pair is still moving below the lower band of its bullish channel (purple lines).
All indicators are bullish.
We continue to advise long positions as far as 1.3150 is support.
The breakout 1.33 will give a new buy signal and open the way towards 1.34.
In case of return below 1.3150, we will wait the breakout of 1.31 to advise short positions.
See the previous analysis of the EUR/USD pair of March 20th, 2012
EUR/USD Analysis
Title:
Dukascopy Morning Forex Overview : 20/03/2012
Fundamental Analysis
EUR
"The improvement is largely due to ongoing exports gain"
- Dominique Barbet, an economist at BNP Paribas
The euro zone's current account surplus rose to 4.5 billion euros in January, the highest level in almost five years, from 3.4 billion euros in December, said the European Central Bank on Monday.
USD
"While builders are still very cautious at this time, there is a sense that many local housing markets have started to move in the right direction"
- Barry Rutenberg, chairman of the NAHB
Homebuilder sentiment remained unchanged in March from February, said the National Association of Home Builders on Monday. The NAHB/Wells Fargo Housing Market index stayed at 28, the highest level since June 2007.
GBP
"Early indicators suggest that property market activity in ...
Title:
Technical analysis of the EUR/USD pair on March 20th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has validated yesterday the breakout of 1.32, offering a buy signal, and met resistance on 1.3250.
The pair is currently moving below 1.32.
The pair is still moving below the lower band of its bullish channel (purple lines).
Indicators are globaly bullish.
We continue to advise short positions as far as 1.3150 is support.
The breakout 1.3250 will give a new buy signal and open the way towards 1.33.
In case of return below 1.3150, we will wait the breakout of 1.31 to advise short positions.
See the previous analysis of the EUR/USD pair of March 19th, 2012
EUR/USD Analysis
Title:
Dukascopy Afternnon Forex Overview : 20/03/2012
Fundamental Analysis
EUR
Greek CDS sellers might have to pay 78.25 cents on each euro of the bonds to cover the insurance claims caused by Greek credit restructuring. According to Cedex Group and Markit Group, the dealers have set an initial 21.75% price at a Greek-bond auction today.
USD
United Parcel Service expanded its bid for TNT Express by 5.6% to EUR 5.16 billion to shelter the largest deal in UPS history and beat the offer from Deutsche Post AG. Atlanta-based UPS raised its offer price from EUR 9.0 a share to EUR 9.5 a share. TNT shares added 1.8% on the announcement in Amsterdam trading session.
GBP
British FTSE 100 index declined on Monday as dropping commodity prices negatively affected the value of resource shares. Financials also provided substantial downward contribution. ...
Title:
Technical analysis of the EUR/USD pair on March 19th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has validated on friday a return above 1.31 and is currently finding resistance below 1.32.
The pair is still moving below the lower band of its bullish channel (purple lines).
Indicators are mitigated.
We stay neutral between 1.31 and 1.32.
We advise to wait an exit of this range to take position:
- Long above 1.32. The breakout of 1.3250 and 1.33 will both give a new buy signal.
- Short below 1.31. The breakout of 1.3150 and 1.31 will both give a new sell signal.
See the previous analysis of the EUR/USD pair of March 16th, 2012
EUR/USD Analysis
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