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5 Aug 2013

EUR/USD recovery stalls at 1.3260

FXstreet.com (New York) - The EUR/USD foreign exchange rate has been unable to stabilize above the 1.3260 region Monday, now turning lower amidst mounting negativity during US trading.

EUR/USD strategic bias

According to the Technical Analyst Team at ICN.com, “The EUR/USD rebounded to the downside from 1.3300 levels proving the bearish resistance level can halt the bullish bias of the pair. We also see that the pair failed to stabilize above Linear Regression Indicator 34. The negative possibility is valid today and the rest of the week unless the pair breached 1.3315 levels and stabilized below it.”

EUR/USD technical bias

At the time of writing, the EUR/USD is now operating at 1.3256, having now suffered a loss of -0.19% thus far during US trading. In taking a look at the technicals, the pair remains fortified by support 1.3258, and remains fortified by additional measures at 1.3232, and 1.3188.

Aug 5, 2013

US Dollar Index retreats below 82.00

The greenback, gauged by the US Dollar Index, is prolonging last Friday’s losses below the key support at 82.00, as risk appetite has taken over sentiment...

USD/CAD weekly report, eyes key 1.0385 region

The USD/CAD took a tumble Monday during US trading, recently bottoming out at 1.0364 (intraday low), instigating a slight rebound.