Daily Forex News

Once again the greenback found good support above recent low at 1.1160 and rebounded last week to as high as 1.1624 (rose briefly above theTenkan -Sen at 1.1564 but the pair still closed last week below this level). This white candle suggests further consolidation above indicated strong support level would…

With EUR reversing its previous week gains and breaking back below the 1.3330 level, its Jan 27′09 high/former range top into its broader consolidation range(between 1.3330 & 1.2330 levels)again, risk has increased for further declines towards its key support at the 1.3113 level, its Mar 30′09 low. We envisage a…