GBP/USD technical analysis today 31.05.2010:

Possible next level around 1.4200 area in a couple of hours. The main resistance is located at 1.4400 area and only a rise above this level could trigger the pair back to levels around 1.4550-1.4600 area. 

EUR/USD technical analysis today 31.05.2010:

Current price 1.2285. Another rise towards the 1.2350 area could be seen later on today. The main resistance is now located at 1.2450 area. Trading below this level could keep the European currency under pressure against the US dollar.

EUR/USD technical analysis today 28.05.2010:

The currency pair rose up to 1.2370 zone. As long as 1.2450 level holds another fall towards the 1.2200 area could be seen later on today.

UK CBI Realized Sales report will be released today:

It's a leading indicator of consumer spending. The forecast is 13 and the actual report number must be higher in order to be positive for the British Pound. The report will be released today at 11:00 p.m. GMT.

EUR/USD technical analysis today 27.05.2010:

The resistance is now located at 1.2300. As long as this level holds the downtrend towards the 1.2120 area will continue. If the pair breaks above the resistance level we may expect further rise towards the 1.2450 zone.

US New Home Sales will be released today:

The forecast is 425K. It's a leading indicator of economic health. This number must be lower than the actual report number in order to be positive for the US dollar. The report will be released at 3:00 p.m. GMT.

GBP/USD technical analysist today 26.05.2010:

Current price 1.4378. The pair remains in downtrend movement. The main resistance is located at 1.4500. If the price goes above this level another rise towards the 1.4700 area could be seen. On the other scenario trading below this level could trigger the pair down to 1.4250-1.4280 zone.

EUR/USD technical analysis today 26.05.2010:

The currency pair remains in downtrend movement based on the one-hour chart. The main resistance is now located at 1.2360. As long as this level holds the downtrend will continue. Possible next levels around 1.2100-1.2150 in the next hours.

CB Consumer Confidence report will be released today:

The US CB Consumer Confidence report will be released today at 3:00 p.m. GMT. Financial confidence is a leading indicator of consumer spending. The forecast is 59.1 and this number should be lower than the actual report number in order to be positive for the American dollar.

GBP/USD technical analysis today 25.05.2010:

The currency pair remains in downtrend movement. It looks possible another fall towards the 1.4250 area to be seen later on today.

EUR/USD technical analysis today 25.05.2010:

Current price of the pair 1.2284. In the next a couple of hours we may expect to see another rise towards the 1.2400 area. Technical indicators show mixed signals at this time.

EUR/USD technical analysis today 24.05.2010:

Current price 1.2508. It looks possible next target to be around the 1.2600 area in a couple of hours. The main resistance is now located at 1.2450. Below this level could trigger the pair below the 1.2400 zone.

GBP/USD technical analysis today 21.05.2010:

Current price 1.4414. The main resistance is located at 1.4500. I expect in the next a couple of hours another rise towards the 1.4470 area.

EUR/USD technical analysis today 21.05.2010:

Current price 1.2595. Main resistance is located at 1.2700. As long as the price is below that level another fall towards the 1.2300 area could be seen.

GBP Retail Sales m/m report will be released today:

The forecast is 0.3% and the final report number must be higher than the forecast in order to be positive for the British currency. The report will be released today at 9:30 a.m. GMT.

GBP/USD technical analysis today 20.05.2010:

Current price 1.4341. Another fall towards the 1.4250 area looks possible in a couple of hours. The main resistance is located at 1.4450.  

EUR/USD technical analysis today 20.05.2010:

The European currency gained position against the US dollar during the Asian session. Current price 1.2381 and it looks that another fall towards the 1.2250 area seems possible later on today.

GBP/USD technical analysis today 19.05.2010:

Current price 1.4320. Test of 1.4400 area could be seen in a couple of hours and then another fall towards the 1.4300 area could be tested again. The main resistance in now located at 1.4420.

EUR/USD technical analysis today 19.05.2010:

The currency pair remains in downtrend movement. Current price 1.2190. It may continue its downtrend towards the 1.2100 area later on today. On the other hand test of 1.2300 area could trigger the pair up to 1.2450 zone.

GBP/USD technical analysis today 18.05.2010:

The currency pair remains in downtrend movement. Current price 1.4450. Another fall towards the 1.4400 area could be seen later on today. The technical indicators signal for taking short positions.

EUR/USD technical analysis today 18.05.2010:

Current price around 1.2355. The main resistance is located at 1.2420. As long as this level holds the downtrend will continue towards the 1.2300-1.2250 area.

GBP/USD technical analysis today 17.05.2010:

The currency pair remains in downtrend position. Current price 1.4400. Deeper decline towards the 1.4300 area looks possible in a few hours. Main resistance is now located at 1.4520 area.

EUR/USD technical analysis today 17.05.2010:

Current price 1.2295. The currency pair remains in downtrend movement. Possible level in the next couple of hours around 1.2150 area.

US Retail Sales m/m report will be released today:

The US Retail Sales m/m report will be released today at 1:30 p.m. GMT. The forecast is 0.3% and the actual report number must be higher in order to be positive for the US dollar. On the previous report on April 14, the forecast was 1.1% and the actual number was 1.6%.

EUR/USD technical analysis today 14.05.2010:

The currency pair remains in downtrend position. Current price 1.2530. Possible levels in a couple of hours around 1.2600 and the currency pair may continue its downtrend towards 1.2500 later on today.

EUR/USD technical analysis today 13.05.2010:

Current price around 1.2670. The pair remains in downtrend movement. Possible next level around 1.2500 in a couple of hours. Main resistance is now located at 1.2720.

US Trade Balance report will be released today:

The US Trade Balance will be released today at 1:30 p.m. GMT. The forecast is -40.0B. The actual report number must be higher than the forecast in order to be considered positive for the US dollar.

UK Claimant Count Change report will be released today:

The forecast is -20.1K. On the previous report on April 21, the actual report number was lower than the forecast and it had a positive impact over the GBP. The report today will be released at 9:30 a.m. GMT.

EUR/USD technical analysis today 12.04.2010:

The currency pair remains in downtrend position. Current price around 1.2650. Further decline towards the 1.2500 area could be seen later on today.

UK Manufacturing Production m/m report will be released today:

The UK Manufacturing Production m/m report will be released today at 9:30 a.m. GMT. The forecast is 0.3% and the final report number must be higher in order to see positive movement in favor of the British pound on the market.

EUR/USD technical analysis today 11.05.2010:

The currency pair remains in downtrend movement. Current price around 1.2700. Further decline towards the 1.2600 area could be seen later on today. At the present moment we may see a rise towards the 1.2780 area in a couple of hours.

GBP/USD technical analysis today 10.05.2010:

Current price around 1.4878. The price will probably move towards the 1.4700 area in the next a couple of hours. The technical indicators signal for short positions.

EUR/USD technical analysis today 10.05.2010:

The pair is trading around 1.3000 area. If the currency pair breaks above this zone we may expect further rise towards the 1.3200 area. On the other hand if the currency pair falls below the 1.3000 area we could see further fall towards the 1.2900 area.

Retail Sales m/m report will be released today:

The European Retail Sales m/m report will be released today at 10:00 a.m. GMT. The forecast is 0.1% and the actual report number must be higher in order to be taken positive for the European currency.

EUR/USD technical analysis today 05.05.2010:

The currency pair remains in downtrend. Current price 1.2985. Deeper decline towards 1.2900 area could be seen later on today. Main resistance is now located around 1.3100. Major support around 1.2900-1.2880.

EUR/USD updates:

The US dollar is still wining position against the US dollar. The current price is 1.3095. It looks like the pair may be trading under the 1.3200 area in the next a couple of hours. The price will probably be affected by the US new home sales report which will be released today at 3:00 p.m. GMT.

US Pending Home Sales m/m will be released today:

It's a leading indicator of economic health. The forecast 3.9% and the actual report number must be higher in order to be positive for the US dollar. The report will be released at 3:00 p.m. GMT.

UK Manufacturing PMI will be released today:

The British Manufacturing PMI report will be released today at 9:30 a.m. GMT. On the previous report released on April 1, the actual report number was higher than the forecast which affected the British currency in a positive direction.

EUR/USD technical analysis today 04.05.2010:

The currency pair remains in downtrend position. It seems possible in the next couple of hours to test the 1.3100 area. Main resistance is now located at 1.3100.

EUR/USD updates:

The single European currency's sharp decline against the dollar also came amid doubts about Greece ability to implement a new austerity plan in exchange for a EUR 110 aid package from euro zone nations and the International Monetary Fund.