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Forex: Pound fights at 1.5000

FXstreet.com (Córdoba) ? GBP/USD is trying to stay above 1.5000. The pair is still under selling pressure and the dollar is attempting to fall below the mention area. From here the pair could find support at 1.4975 and then 1.4930. Resistances on the way up are located at 1.5025 and 1.5050. GBP/USD rally downside after reaching a 5-month high at 1.5196 early in the day. Current price is 1.4997 which is 0.76% below opening price.For more information, read our latest

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Forex: GBP/USD rises above 1.5200 to 1.5245

FXstreet.com (Córdoba) ? Dollar weakened across in the final hours of the American session. Against the pound is losing Tuesday?s gains. GBP/USD broke above 1.5200 topping at 1.5245. Current price is 1.5223 which is 0.48% above opening price. Cable is also rising against the Yen. GBP/JPY broke above resistance zone at 145.50. The pair has risen more than 250 pips after bottoming early in the day at 143.34.For more information, read our latest forex news.

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EUR/USD current price 1.2927

FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.2927. Not much change from previous update, the pair remains bearish in the hourly chart, supported by price under the 20 SMA and momentum that just cut the 100 line upside down. 200 EMA far above actual price holds the keeps it?s bearish inclination.?The pair is moving in a small upside channel, more likely a flag, a continuation figure that the pair needs to break to the downside to confirm it,? said

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EUR/USD Current price 1.3154

FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.3154. Despite indicators seem to be exhausted in the hourly, bullish momentum continues in the pair that seems ready to break above yesterdays high at 1.3166 and firs static resistance for the next hour.20 SMA is also pointing higher, supporting the bias. ?Bigger time frames indicators are also turning up, yet far for announcing a more permanent trend,? said Valeria Bednarik, collaborator at FXstreet.com.For more information, read our latest forex news.

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Forex: USD/JPY tests 96.80

FXstreet.com (Córdoba) ? After four consecutive days of losses the Dollar is gaining to the Yen. Recently USD/JPY went above 96.80 to 95.85 (intra-day high) but rebounded to 95.65. Now the pair is trying to test the zone again. Current price is 95.70 showing an increase of 0.44% for USD/JPY from opening price. Next resistance levels lie at 96.05 and 96.30. The yen is falling across the board ending a streak of gains not only against the dollar but

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EUR/USD current price 1.2999

FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.2999. Pair has been consolidating just above previous range highs, and the first levels to watch these next hours will be 1.3030 and 1.2985.With Momentum exhausted to the upside and CCI flat between 50/70, 20 SMA is the only indicator giving some upside bias, thus firmer in larger time frames. (4 hours charts momentum is giving a nice cross of the 100 line). ?Pair must clearly break under the 1.2975/85 zone, to regain

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GBP/USD Current price: 1.5732

FXstreet.com (Buenos Aires) - GBP/USD Current price: 1.5732. Bullish trend send the pair above daily 200 EMA and as long as price remains 1.5710, corrective movements seem limited. Indicators are over extended yet no clear signs of correction there also. ?If previous mentioned level get?s broken, next support will come around 1.5660, daily pivot,? said Valeria Bednarik, collaborator at FXstreet.com. 20 SMA around 1.5620 should hold the downside in current session, despite corrective movements have further place to fall without

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Euro Holds on to Moderate Strength Despite Strong U.S. Dollar Rally

Weaker U.S. equity markets are weighing down EUR/USD, but the cross still shows some signs of strength.The Dow Jones Industrial Average has broken through lows reached in November 2008 and EUR/USD is trading in the middle of its recent channel. The euro continues to hold support at 1.2700 USD.No major economic data was released today and currency markets have taken direction from general market sentiment. On Monday afternoon, the U.S. government renewed its pledge to backstop the

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Forex: USD/JPY fails to break above 98.65 falls to 98.25

FXstreet.com (Córdoba) ? The dollar is loosing against the yen since the beginning of the American session. After reaching a intra-day high at 99.10 USD/JPY started to moved in a down trend. Recently the yen got stronger after falling below 98.50 to 98.25 which now is an important support zone. The current price is 98.45 which represents 0.50% lower than the opening price. For more information, read our latest forex news.

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EUR/USD Current price: 1.3306

FXstreet.com (Buenos Aires) - EUR/USD Current price: 1.3306. Pair remains under selling pressure, after failing to break 1.3365, 61.8% of the past downleg. Price remains under pressure with momentum giving bearish signal supported by actual candle opening under the 20 SMA that still has a bullish slope. ?Small ascendant trend line, at the 1.3300 zone, will be first support to consider for the Asian session,? said Valeria Bednarik, collaborator at FXstreet.com. For more information, read our latest forex news.

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