The pair dropped below the 100-Day SMA, thus confirming declines towards the 200-Day SMA by 78.50. A daily close below the 200-Day SMA would confirm the downtrend ahead of the 75.55-76.00 support area in a medium-term. However, should the pair hold above the
The pair broke below the 1.5800-1.5825 support area, right where the 200-Day SMA and the 100-Day SMA reside, and in a sort-term could drop to the 1.5600 support. A break below 1.5600 would confirm declines towards the 1.5230 low. However, daily studies reach
The pair still consolidating by 1.2700 and in a short-term could reach the 1.2625 low. Breaking below 1.2625 would open a fresh downside extension towards 1.2000 in a medium-term. However, daily studies are oversold, suggesting that a corrective bounce shoul
On Thursday, EUR slipped to touch a four-month low against USD, amidst worsening Euro-zone sovereign-debt crisis and weak US economic data adding fuel to investor’s cautious sentiment. We had been repeatedly saying that since EUR is in a strong down-tre
...On Wednesday, after the release of minutes from the last FOMC meeting, the US dollar weakened against most of the currencies. AUD also managed to recover and finally settled at 0.9921 against USD. On Thursday, AUD opened with weakness against USD and managed
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