European Central Bank President Jean-Claude Trichet said interest rates in the 16-nation euro region are “appropriate,” indicating he sees no immediate need to cut borrowing costs any time soon

EURUSD

EUR/USD intraday: under pressure. (11:55 GMT) — Current pivot: 1.199 Our suggestion: Short positions below 1.199 with targets @ 1.1875 & 1.178 in extension. Note: the pair is under pressure and is challenging its support. (1.1942 & 1.1947) in ...

EURUSD

EUR/USD intraday: under pressure. (9:29 GMT) — Current pivot: 1.199 Our suggestion: Close position @ 1.1915. The bias is bearish below 1.199 with targets @ 1.1875 & 1.178 in extension. Note: the pair has struck against its resistance and is ...

EURUSD

EUR/USD intraday: under pressure. — Current pivot: 1.199 Our suggestion: Short positions below 1.199 with targets @ 1.191 & 1.1875 in extension. Note: the pair is challenging its resistance, the RSI lacks upward momentum.

EURUSD

EURUSD Forecast: — The EURUSD was indecisive yesterday. On h1 chart we can see that price is now making a minor bullish channel indicating potential upside correction, which is normal after significant drop below 1.2000 area and the fact that ...

EURUSD

LONG — Long positions above 1.62 with targets @ 1.632 & 1.64 in extension.

Cable Update (GBPUSD)