USDCHF broke above 1.0475 resistance, suggesting that a cycle bottom had been formed at 1.0347 level on 4-hour chart. Further rally is still possible...
USDCHF broke above 1.0475 resistance
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New York forex wrap up; Dollar firms as reflation trade falters
New York Fed’s Empire State index falls to -9.41 from -4.55 IMF considers making its bonds tradeable IMF: US returns to growth in 2010 IMF”s Lipsky: Dollar to remain reserve currency “as far as we can see” Geithner: Economy in early stages of recovery ECB’s Wellink:...
EURUSD runs in a price channel
EURUSD runs in a price channel on 4-hour chart. Support is now at the lower border of the channel, now at 1.3045, as long as the channel...
Euro struggles in a US dollar weakening environment
By TraderVox.com The weakness in Euro continued in US session as well and it went below the 1.3300 levels to form a fresh low of 1.3281. It has...
Forex Market Update: US Dollar Remains Under Pressure as Risk ...
A broad rise across European equity markets boosted risk appetite and weighed heavily on the dollar. EUR/USD traded up to 1.4144 and Cable hit 1.6442 highs ... See all stories on this...
EUR/USD extends losses
The aforementioned buy orders helped slow the decline in EUR/USD for awhile, but didn’t manage to stop it. We’re presently at 1.3875. Technical support now at 1.3845/50. Slightly heightened risk aversion (S&P futures off 9 points at writing), ongoing concern over the Baltic states...