Looking at the current movement of the EUR-USD, there seems no immediate stopping point yet to be set even in the intermediate trend. As a result i have come to a notion that it might go down furthermore than expected if the Euro zone economy is crumbling down. Based on the current situation of the Euro zone debts problem and the recovery of US economy i have an extreme personal expectation that the Euro currency value against the US Dollar may go down as deep as to the first time [...]
Posts Tagged ‘European Union’
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EUR-USD Technical Analysis – 27 April 2010
I have to take this time to reanalyze the unexpected situation regarding EUR-USD technical analysis as per last week. Starting from yesterday and today the pair refuse to make upward swing to the middle or upper of the Bollinger Band in daily time frame. This leads to the Stochastic in weekly time frame to twist back downward to synchronize with the MACD downward direction. In this case, there could significant focal point where the euro-dollar is making the big continuation towards downtrend. We will see by the movement of candlestick [...]
Greece bailout: What will happen to the EUR-USD?
There are hot media speculations about Greece bailout plan to help the country to restore its financial credibility. An estimated of €110 billion Euros bailout is expected to be given to the Greece government by the help of European Union fellow members and IMF. Direct correlation of this event to the forex market movement give me a great concern, as i am trading on the bearish trend all along at the moment. So the main concern here the impact of the financial aids to the movement of EUR-USD bearish [...]
Breaking News – Euro breakup talks!!
The Greece financial crisis and the spiraling impact on other fellow members of the European union has led to the growing speculation of potential disintegration of the Euro currency. An estimated of 860 billion-euro debts total combined from all the European Union led by Greece is big financial dilemma that seems to have no solutions at the moment. Based on Bloomberg report the main reason caused this problem is the uncontrolled taxes and spending among some of the European Union country members which led to mounting debts. If the integration [...]
AN EYE ON AUDUSD
AU manage to hold its level when both EU and GU fall down dramatically. Do look at the daily chart to see what I mean. Some of your might not understand what it means and so do I Dont worry, the longer you are in Forex the more info you will filter out. This is coz some things are not worth understanding. The reason I am pointing this out is when a pair is making a stand like AU, you can actually use it to your advantage. Advantages such as: [...]
