Exchange Rate Graph

Exchange Rate Graphs

Short-Term Oulook in EUR/USD Short-Term Oulook in EUR/USD By Alexander Nikolov EURUSD: 1.3218 Short-Term Trend: weak downtrend Outlook: A week ago I favored longs on a small pullback against the 1.2670 level. Depending on your risk tolerance, you are either long already or have missed to enter long by a small margin. I will consider that we have a hypothetical long position. The... Continue Reading | write a comment

Dollar Is Headed Even Lower In Coming Weeks Dollar Is Headed Even Lower In Coming Weeks By Elliott Wave Forecast Group A sharp fall from 81.80 area seen in the past few weeks is impulsive, which means that we have a temporary top in place, likely of a wave I, which was an expanding diagonal. That is type of a motive wave, where structure allows overlap between waves four and one. With this being said, at... Continue Reading | write a comment

EUR/USD Short-Term Update EUR/USD Short-Term Update By Alexander Nikolov EURUSD: 1.2957 Short-Term Trend: downtrend Outlook: Several weeks ago we favored a short position in the 1.34/1.35 area with a target at 1.2870. The 1.2870 target was reached in the last week of 2011, so we are now flat. The daily downtrend remains strong as so far there is no evidence of a major bottom... Continue Reading | write a comment

EUR Continues Its Downtrend Against USD EUR Continues Its Downtrend Against USD By Alexander Nikolov EURUSD: 1.3042 Short-Term Trend: downtrend Outlook: A few weeks ago I favored a short position in the 1.34/1.35 area. Since then EUR has been under heavy pressure and has already declined below 1.3000 level. As the daily chart remains quite negative with prices below the declining 21-day moving average,... Continue Reading | write a comment

EUR/USD Short-Term Update EUR/USD Short-Term Update By Alexander Nikolov EURUSD: 1.3384 Short-Term Trend: downtrend Outlook: EUR was little changed last week as it traded in a tight range between roughly 1.33 and 1.3450. As the prices remain below the declining 21-day moving average, the main trend is considered strong downtrend and further losses are still expected. I am... Continue Reading | write a comment

Short-Term Oulook in EUR/USD

EURUSD: 1.3218 Short-Term Trend: weak downtrend Outlook: A week ago I favored longs on a small pullback against the 1.2670 level. Depending on your risk tolerance, you are either long already or have missed to enter long by a small margin. I will consider that we have a hypothetical long position. The...

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