You are here: Home / Archives for EUR/USD

Euro / US Dollar Currency Pair Approaching Resistance

August 2, 2010 By Chuck Leave a Comment

Sometimes you just have to love parabolic moves. Such as the one that has occurred within the past several hours in the EUR/USD currency pair and has pushed it ever closer to an important resistance level. Nothing like getting there in a hurry and getting it over with.

Note: Traders who are long the EUR/USD pair may want to begin thinking about protecting profits as the currency pair is getting closer to the resistance level.

Euro Dollar Currency Chart

Filed Under: Market Updates Tagged With: ,

Euro / Dollar Currency Pair Chart

June 9, 2010 By Chuck Leave a Comment

The following chart is a short term (15 minute scale) chart of the EUR/USD pair. The market will be watching the two trend lines shown on the chart for near term direction in this currency pair.

Euro Dollar Chart

Filed Under: Market Updates Tagged With:

EUR/USD Drops Below 2007 Lows – Again

May 17, 2010 By Chuck

Today’s market action all centers around the Euro once again. During the overnight hours the EUR/USD moved back above the lows established in late 2007. However during trading today that level has once again been broken with the EUR/USD now trading back below the important 2007 level.

Watch for this level to be tested once again.

EUR_USD Chart

Filed Under: Market Updates, currency Tagged With:

Gold Rises, Euro Still Dropping

May 11, 2010 By Chuck

Attempts to build confidence in the Euro currency are failing. Since last Sunday when the European Union announced the unprecedented $1 Trillion in loans and debt guarantees, the Euro has continued to decline.

5-11-2010 6-40-02 PM

The lack of confidence in the global financial system has pushed Gold to another new high, reaching $1,235 in Tuesday’s trading.

gold chart

S&P 500 futures are currently down 7.25 points at 1143

Filed Under: Market Updates Tagged With: , , ,

Euro Drops on Speculation Chancellor Merkel May Resign

January 14, 2010 By Chuck

Now here is something unexpected tonight.

EUR USD Currency PairThe Euro dropped suddenly this evening on a rumor that German Chancellor Merkel may resign. Speculation is that due to Merkel’s loss of coalition support she may step down.

This is all the information I have at this time. This news appeared on my wire service tonight and there is no other information at this time. Moments after the story hit the wires the Euro dropped and in turn the US Dollar moved up.

The chart shown here is a 5 minute chart of the EUR/USD at the time the story began to circulate on the wires.

The S&P 500 futures also moved down slightly as the US Dollar futures moved up.

UPDATE: A spokesperson said the Merkel resignation talk is “without merit”

More on this topic (What's this?)
Soros on the Crisis and the Euro (naked capitalism, 7/9/10)
Jim Rogers’ Thoughts on Q2 Earnings Results, The Euro, The Future of BP, and More (The Contrary Investing Report, 7/30/10)
Shilling on the outlook for the euro, treasuries (Investment Postcards from Cape Town, 7/20/10)
Read more on Euro (EUR), U.S. Dollar (USD), Investing in Germany at Wikinvest
Filed Under: Market Updates Tagged With: ,

Do You Know Where Your Euro Is?

May 5, 2009 By Chuck

Keeping tabs on the currency markets can provide additional insight into equity market movements.

EUR/USD is in a healthy rising wedge and is at this time testing the upper limit of that wedge now. A pullback in the EUR/USD cross should lead the equities lower as well.

EUR/USD Cross

EUR/USD Cross

Filed Under: Market Updates Tagged With: