Technically speaking, the EUR/USD faces multiple downtrend lines along with 3/8 and 3/3 highs. Our 4th tier downtrend line could serve as a key resistance since it runs through 2/9 highs, or the 1.38 area. As we explained before, our 5th tier could also serve as a key barrier in…

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EUR/USD Stays Range Bound Amid Protests in Greece

Technically speaking, the EUR/USD faces multiple downtrend lines along with 3/8 and 3/3 highs. Our 4th tier downtrend line could serve as a key resistance since it runs through 2/9 highs, or the 1.38 area. As for the downside, the EUR/USD has several uptrend lines serving as technical cushions along…

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EUR/USD Edges Higher as EU Contemplates EMF

USD traded in a narrow range gaining versus JPY and GBP, and drifting lower versus the EUR and commodity currencies. JPY was pressured by BOJ ease speculation

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USD Lower, JPY Pressured by BOJ Ease Speculation