Friday, January 15, 2016

Longer-term range on the EUR/USD

Lately, the focus in the financial markets has been the Chinese economy and crude oil. The Euro versus the Dollar has not gotten enough reasons to move in a clear direction. The price of the EUR/USD is practically consolidated. This pair is used to having long, sustainable trends that is why now we can see that the pair is really undecided, regardless of the daily volatility. The 1.0900 level has been its mid-point zone. There is no clear trend until the pair breaks above the 1.1000 level or below the 1.0700 level.


at

5 comments:

Subscribe to: Post Comments (Atom)

WTI oil at the 200 day EMA

WTI oil breaks below the 66.27 support zone and accelerates its bearish momentum towards the 200 day EMA around the 64.30 level. We have b...

  • The USD/CAD in consolidation mode
    The USD/CAD gets tangled between the 21 day EMA and the 55 day EMA, also between the 1.2800 and the 1.3000. From this point the pair may go...
  • Gold continues consolidating
    The price of gold is still consolidating as shown on the daily chart between the 1281 as support and the 1304 as resistance. At the 1304 lev...
  • Pullback to a key level on the EUR/USD
    The EUR/USD has been very volatile lately, but it has not taken a clear a direction. The pair has been consolidating between the 1.2300 leve...