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Forex Technical Analysis for Week 05/27–05/31

ForexBlogger @ May 25, 2013 # No Comment Yet

Floor Pivot Points

Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res

EUR/USD
1.2658
1.2739
1.2836
1.2917
1.3015
1.3095
1.3193

GBP/USD
1.4731
1.4872
1.4998
1.5139
1.5266
1.5407
1.5533

USD/JPY
96.86
98.76
99.92
101.82
102.99
104.89&#…

More on page 11247

EUR/USD Edges Higher with Eurozone Manufacturing

ForexBlogger @ May 23, 2013 # Comments Off

EUR/USD edged higher today as manufacturing in the eurozone contracted with slower pace in May than in April. (Event A on the chart.) The data from the United States was good too, fueling speculations t…

More on page 11240

EUR/USD Fluctuates on Bernanke’s Comments

ForexBlogger @ May 22, 2013 # Comments Off

EUR/USD was swinging back and forth today as Federal Reserve Chairman Ben Bernanke sent mixed signals about the future monetary policy. At first, he warned about the danger of a premature ending to quantitative e…

More on page 11239

Forex Technical Analysis for Week 05/20–05/24

ForexBlogger @ May 18, 2013 # Comments Off

Floor Pivot Points

Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res

EUR/USD
1.2507
1.2652
1.2739
1.2884
1.2971
1.3115
1.3203

GBP/USD
1.4859
1.5008
1.5086
1.5235
1.5313
1.5462
1.5540

USD/JPY
99.87
100.56
101.92
102.61
103.96
104.65…

More on page 11229

EUR/USD Trickles Down

ForexBlogger @ May 17, 2013 # Comments Off

EUR/USD slumped today after erasing its rally and closing flat yesterday. There was no particular big event to cause the slump, but there are enough reasons for the currency pair to go down. Rumors that the European C…

More on page 11227

EUR/USD Rallies Even as Eurozone CPI Slows

ForexBlogger @ May 16, 2013 # Comments Off

EUR/USD rallied today, erasing its earlier decline, even as eurozone annual inflation was down from 1.7% in March to 1.2% in April. (Event A on the chart.) Absence of inflation pressure should allow the Euro…

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EUR/USD Down on GDP Reports from Eurozone

ForexBlogger @ May 15, 2013 # Comments Off

EUR/USD declined today, extending yesterday’s drop, after the release of data about economic growth in the eurozone countries. France and Italy remained in recession, while the German economy barely managed to&#…

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EUR Gains on USD as Europe Wants to Spur Growth

ForexBlogger @ May 13, 2013 # Comments Off

EUR/USD gained today on signs that European leaders are going to find new ways to boost economic growth of the eurozone. Previously, the euro was falling against the dollar as the positive data from the&#160…

More on page 11205

Forex Technical Analysis for Week 05/13–05/17

ForexBlogger @ May 11, 2013 # Comments Off

Floor Pivot Points

Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res

EUR/USD
1.2621
1.2778
1.2881
1.3037
1.3140
1.3297
1.3400

GBP/USD
1.4965
1.5139
1.5248
1.5422
1.5532
1.5706
1.5816

USD/JPY
96.03
97.30
99.44
100.71
102.85
104.12&#…

More on page 11148

EUR/USD Retreats on Speculations ECB May Ease Policy Again

ForexBlogger @ May 9, 2013 # Comments Off

EUR/USD declined today, following yesterday’s rally, as European Central Bank policy makers told that the central bank has ability to ease the monetary policy further. At the same time, many economists believe that t…

More on page 11137