Forex Trading: 25 April 2014
The euro has been sitting at around the same level for a couple of weeks now.
Resistance is seen at $1.3860 and support at $1.3790.
Despite the anticipated market move on Thursday following comments from Mario Draghi, the euro/dollar currency pair is still sitting right in the middle of the range.
The market closed just ten points higher at $1.3830.
Forex Trading: 24 April 2014
Despite some excitement on Wednesday morning following the Eurozone's Markit manufacturing and services data, the euro remains relatively unchanged against the dollar.
However, the to-ing and fro-ing of the morning session provided plenty of opportunities for traders to take advantage and the euro ultimately closed up 12 points at $1.3819.
All eyes will be on Mario Draghi today for clues on the future of European fiscal policy.
Forex Trading: 23 April 2014
Volatility was low once again on Tuesday as CFD traders
await comments from Mario Draghi on Thursday.
The pair played around with the $1.38 level throughout the day but ended the session 20 points higher at $1.3809.
Forex Trading: 22 April 2014
In an understandably low volatility session for the euro, the only macro economic news to influence the EUR/USD pair was the better than expected Leading Indicators index, which showed the US economy in ruder health than previously thought.
This saw the currency pair fall, although it was a fairly small move of just 20 points to $1.3792.
The information and comments provided herein under no circumstances are to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice. The information provided is believed to be accurate at the date the information is produced.
By Jonathan Sudaria, 25 April 2014