Year: 2014

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EURUSD looks for temporary recovery

EURUSD looks for temporary recovery

EURUSD looks to recover from the recent drop in price. This I believe is due to the recent good news from Euro’s leading economy Germany. Germany escaped from recession when it posted a GDP growth of 0.1% in Q3. With this result, it did not  suffer 2 quarters of economic squeeze. Germany also revised its…

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Is USDJPY finally ready to retrace

Is USDJPY finally ready to retrace

The Dollar Yen upwards momentum has somewhat died down with reference to the recent price action suggest. That being said and if price has found the top, then I would see price retracing to 107.59, 106.30 or 105.42. If price manages 105.42, it would further validate the area as previous resistance become support. I am…

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