Friday, 4 September 2009

EURUSD continues to move sideways. A fall towards 1.4100 could be possible or on the other hand if the currency pair break the level of 1.4400, that may push the EUR to a level of about 1.4500.

Thursday, 3 September 2009

Unemployment Claims Data to be relased today.

This is the nation's earliest economic data. It will be released today at 12:30 GMT

Wednesday, 2 September 2009

ADP Non-Farm Employment Change Could be negative for USD.

Job creation is an important leading indicator of consumer spending. That is a good indicator for the economic activity. The ADP data will be released today at 12:15 GMT.

Tuesday, 1 September 2009

1.4400 is still in favour for EUR.

Current price EUR/USD 1.4344 and if the there's a break over this level we may see higher levels at about 1.4500 afterwards.

On the other hand, if the currency pair drops below 1.4200, next target could be a level of about 1.4100

Monday, 31 August 2009

1.4400 possible for EUR

It seems the EUR is in uptrend position and possible levels of 1.4400-1.4410 could be reached at some point today.

On the other scenario if the EUR go down below level 1.4200, than a downtrend movement zone 1.4100 zone could be seen.