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Forex: EUR/USD breaks 1.3900 and rises above 1.3910

FXstreet.com (Barcelona) - After finding support at 1.3860 from its 140 pips decline in the European session, EUR/USD has risen to break 1.3900 resistance and trade above 1.3910. Currently the pair is trading around 1.3905/15, 0.70% below its opening price action.Lena Manousarides, Analyst at SpikeCharts, says: The EUR/USD has been rising exceptionally since last week; however the pair found a top at 1.4050 and the dollar bulls took their revenge by selling off the pair since early European open. For

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Forex: USD/CHF rejects 1.1165 resistance, back to 1.1100

Fxstreet.com (Barcelona) - After rising from 1.1090, intra-day low, to test the 1.1165 resistance level again, the USD/CHF has been rejected to levels closes to 1.1100. Currently the pair is trading around 1.1120/30, 0.20% below today's opening price.According to Valeria Bednarik, FXstreet.com collaborator, USD/CHF doesn't have clear directions: Pair remains moving range bound, with no clear definitions. Downside seems limited in the pair after failing to break under 1.1000 zone. Now just above 20 SMA and with indicators slightly bullish,

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Forex: EUR/GBP falls to break 0.8950 and reach 0.8920, intra-day low

FXstreet.com (Barcelona) - Euro is falling against the Pound in the early European session and the pair has lost 30 pips in the last two hour from 0.8950 to reach 0.8920, new intra-day low. Currently the pair is trading around 0.8920/30, testing the 0.8920 support level (MA200 level hourly chart) and being 0.25% below today's opening price action.Since the beginning of the yesterday's American session, the pair has been traded in a small range between 0.8950 and 0.8965. During the

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Forex: EUR/USD tests 1.3760 support after rejecting 1.3800

FXstreet.com (Barcelona) - After reaching 1.3830, fresh 4-month high, and being shaken by the Pound drop, the EUR/USD has been rejected by the 1.3800 level and it has fallen to test 1.3750 support. Currently the pair is trading around 1.3755/65, 0.20% below today's opening price.Greg Holden, analyst at ForexYard, says: This pair has witnessed a sustained upward movement for many days now. This movement has pushed the price of this pair into the over-bought territory on the RSI of the

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Forex: GBP/USD tests 1.5515 high again and fights for the 1.5500 level

FXstreet.com (Barcelona) - After bouncing from 1.5425 (coming from its 90 pips decreases from 1.5515 2009 high) the GBP/USD has risen above 1.5500 level and has tested the 1.5515 level again. Currently the pair is trading around the 1.5500/10.According to Valeria Bednnarik, collaborator at FXstreet.com, the pair remains bullish: Pair remains quite bullish, and has just reached the 30.2% retracement of today?s rally. If manages to remain above 1.5430, the pair could quickly regain the upside, as bigger time frames

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Forex: GBP/USD rebounds at 1.5880 and tests 1.5980

FXstreet.com (Barcelona) - After rejecting from 1.5980 resistance to find support at 1.5880 level, GBP/USD has begun to rise to recovers its losses and test 1.5980 resistance. Currently the pair is trading around 1.5970/80, 0.05% above today's opening price. The pair has risen after the US market positive opening on basic materials and energies shares and better than expected Durable goods orders.According to Valeria Bednarik, FXstreet.com collaborator, GBP/USD is ready to continue bearish: Bearish in the hourly chart, pair seems

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Forex: EUR/USD climbs up to 1.3980

FXstreet.com (Barcelona) - The Euro rally on early US session capped at 1.3955, and rejected to 1.3910, has been resumed to jumps above the 1.3955 and rise to 1.3980 after climbing around 70 pips in the last hour. Currently the pair is trading around 1.3970/80, 1.05% above today's opening price.According to Valeria Bednarik, collaborator at FXstreet.com points out to the pair's bullish bias while above 1.3910: Bigger time frames also support a bullish continuation but only a clear break above

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