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Prior to launching ForexLive, Jamie Coleman spent nearly twelve years at Thomson Financial as managing analyst of the institutional forex product IFR Forex Watch. In 2007, he left the Forex Watch team to launch a retail forex-oriented site which became the popular Reuters FX Hub. FX Hub fell... More
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  • EUR/USD (FXE) Extends The Days Range 0 comments
    May 29, 2012 11:49 AM | about stocks: FXE

    The price has broken below the 1.2514 support and moved to the low from Friday at the 1.2495. Now traders will be eyeing to see if what was support now holds resistance (at 1.2514) and keeps the pressure on the pair. In favor of the downside is the inability to break and close above the 100 hour MA. This keeps the bears in charge (and gives them confidence). The next downside target below the 1.2495 is 1.2478 which is channel support for the week (see chart above).

    Stocks: FXE
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