USDCHF USDCHF closed @ 8705 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Tgt 2 and the Low was 30 pips from Precise Trader’s Sup Tgt 2.   The Hourly Oscillators are Bullish and the Price is Within the MA, so the Bears have to [...]

EUR/USD The Euro drifted weaker in early Europe on Friday with a decline towards the 1.2860 area against the dollar. The Euro-zone data was again stronger than expected with the German IFO index securing the largest monthly increase for 4 years to 106.2 from 101.8 the previous month. Following the firmer than expected PMI data [...]

EUR/USD The Euro was unable to make any headway in early Europe on Wednesday and drifted weaker in cautious trading. There was no economic data to guide markets during the day Within the Euro-zone, there was further uncertainty over the bank stress tests due on Friday and there were increased doubts whether the tests would [...]

EUR/USD The Euro spiked higher in European trading on Tuesday and pushed to fresh 10-week highs above 1.3020, helped in part by higher than expected German producer prices. The move above 1.30 was short-lived, however, and there was an initial retreat back to the 1.2930 area. There was a weak Hungarian debt auction which tended [...]

EUR/USD The Euro had a soft tone in Asian trading on Monday and consolidated near 1.29. The Irish credit rating was downgraded to Aa2 from Aa1 by Moody’s, on persistent fiscal weakness, but the outlook was described as stable and the Euro corrected quickly from initial weakness. Sharp losses in Hungarian markets also failed to [...]