Friday, 27 November 2009

EUR/USD has dropped sharply:

The currency pair has dropped sharply from about 1.4950 to 1.4850 at the moment. It looks like deeper decline to test 1.4801 support is now in favor.

Wednesday, 25 November 2009

EUR/USD remains in uptrend position:

Current price of the pair 1.5069 and on the one hour chart it looks like the currency pair could remain in uptrend position and could reach levels of about 1.5090-1.5100. I guess the resistance is located around 1.5105

GBP/USD daily outlook:

GBP/USD

Trading range: 1.6590 - 1.6700

Trend: Upward

Buy at 1.6700 SL 1.6560 - 1.6680

EUR/USD is in positive trend:

Current price EUR/USD 1.4971 and on a daily chart it looks like the currency pair may reach levels of 1.5000-1.5300. The US unemployment claims will be announced today, and if negative that could be positive for the European currency.