ForexPros Daily Analysis November 02, 2010Pound Trying to Break Range, Yen Near All Time Low---Euro DollarThe euro is in a range, in a wedge. The range is narrowing into a wedge.Euro is holding extension long setup at 1.3748, with target at 1.4355.Larger multi year short at 1.3396, is acting as resistance. Near a clear break of 1.416 or 1.369 for direction.On a 15 min chart, euro holding a dirty long (setup broke in its…See More

ForexPros Daily Analysis November 02, 2010Pound Trying to Break Range, Yen Near All Time Low---Euro DollarThe euro is in a range, in a wedge. The range is narrowing into a wedge.Euro is holding extension long setup at 1.3748, with target at 1.4355.Larger multi year short at 1.3396, is acting as resistance. Near a clear break of 1.416 or 1.369 for direction.On a 15 min chart, euro holding a dirty long (setup broke in its…See More

ForexPros Daily News October 28, 2010Forex - EUR/USD hits daily high as dollar reverses uptrendForex Pros – The euro was up against the U.S. dollar on Thursday, rising to hit a daily high as the dollar reversed its recent uptrend.EUR/USD hit 1.3853 during late Asian trade, a daily high; the pair subsequently consolidated at 1.3812, gaining 0.32%.The pair was likely to find support at 1.3697, the low of October 20 and resistance at 1.3981, Tuesday’s high.Earlier in the week, the dollar had been…See More

ForexPros Daily News October 28, 2010Forex - EUR/USD hits daily high as dollar reverses uptrendForex Pros – The euro was up against the U.S. dollar on Thursday, rising to hit a daily high as the dollar reversed its recent uptrend.EUR/USD hit 1.3853 during late Asian trade, a daily high; the pair subsequently consolidated at 1.3812, gaining 0.32%.The pair was likely to find support at 1.3697, the low of October 20 and resistance at 1.3981, Tuesday’s high.Earlier in the week, the dollar had been…See More

ForexPros Daily Analysis October 25, 2010Free webinar on ForexPros - Forex FundamentalsExpert: Curt WehrleyWhen: Tuesday, Oct 26, 2010, 10:00 ET A review of the top fundamental news events over the prior month, and a look ahead and the news that could influence the foreign exchange market over the coming weeks.Click here to join free---Forex Analysis For GBP/USD and GBP/JPY1) Forex Trading…See More

ForexPros Daily Analysis October 25, 2010Free webinar on ForexPros - Forex FundamentalsExpert: Curt WehrleyWhen: Tuesday, Oct 26, 2010, 10:00 ET A review of the top fundamental news events over the prior month, and a look ahead and the news that could influence the foreign exchange market over the coming weeks.Click here to join free---Forex Analysis For GBP/USD and GBP/JPY1) Forex Trading…See More

ForexPros Daily News October 21, 2010Forex - EUR/USD edges higher after Geithner remarksForex Pros – The euro edged higher against the U.S. dollar on Thursday, erasing early losses, following remarks by U.S. Treasury Secretary Timothy Geithner.EUR/USD hit 1.3975 during late Asian trade, a daily high, the pair subsequently consolidated at 1.3973, gaining 0.07%.The…See More

ForexPros Daily News October 21, 2010Forex - EUR/USD edges higher after Geithner remarksForex Pros – The euro edged higher against the U.S. dollar on Thursday, erasing early losses, following remarks by U.S. Treasury Secretary Timothy Geithner.EUR/USD hit 1.3975 during late Asian trade, a daily high, the pair subsequently consolidated at 1.3973, gaining 0.07%.The…See More

ForexPros Daily News October 20, 2010Forex -USD/JPY moves lower, re-approaching 15-year lowForex Pros – The U.S. dollar was down against the yen on Wednesday, re-approaching a 15-year low as market focus returned to the prospect of further monetary easing by the Federal Reserve.USD/JPY hit 81.20 during European morning trade, a daily low; the pair subsequently consolidated at 81.26, shedding 0.39%.The pair was likely to find support at 80.87, last Friday’s low and a 15-year low and resistance…See More

ForexPros Daily News October 20, 2010Forex -USD/JPY moves lower, re-approaching 15-year lowForex Pros – The U.S. dollar was down against the yen on Wednesday, re-approaching a 15-year low as market focus returned to the prospect of further monetary easing by the Federal Reserve.USD/JPY hit 81.20 during European morning trade, a daily low; the pair subsequently consolidated at 81.26, shedding 0.39%.The pair was likely to find support at 80.87, last Friday’s low and a 15-year low and resistance…See More

ForexPros Daily News October 12, 2010Forex - USD/JPY resumes slide as Japan poised for interventionForex Pros – The U.S. dollar was down against the yen on Tuesday, re-approaching Friday’s 15-year low, as Japanese authorities indicated that they were poised to take “bold” action if the yen continued to strengthen.USD/JPY hit 81.81 during European morning trade, a fresh daily low; the pair subsequently consolidated at…See More