Forex Trading Education : Forex Trading Blog by FOREXYARD

FOREX: EUR/USD Retracing Head-and-Shoulder Surge?

Expectations this week for the world’s primary currency pair, the EUR/USD, may be summed up by viewing the daily chart’s technical formation. Beginning with last year’s record low price of 1.1875, this pair has been developing a long-term, upward angled, ...

EUR/USD Ascending to 50% Retracement Level at 1.3500

The discussions taking place at the EU Summit in Brussels has taken an interesting turn. News has been leaked that the ministers are discussing the possibilities of implementing a permanent bailout mechanism to help the region avoid future debt crises ...

Forex: EUR/USD Pushed Lower by Ireland Downgrade

The EUR/USD appears to be recovering mildly after yesterday’s sharp plummet. Fitch Ratings agency downgraded Ireland’s sovereign debt, pushing the euro to recent lows. The pair fell as low as 1.3163 yesterday before recovering back to the 1.3250 price level. ...

Ireland’s Resistance to Bailout Pushing EUR/USD towards 1.3500

Ireland’s insistence to resist taking funds from the European Financial Stability Facility over the weekend has stirred the euro in today’s trading. While the US dollar has been gaining against its rivals due to European instability and a recent wave ...

EUR/USD Entering Stable Range?

Platinum Flag Formation Foreshadows Sharp Drop

I’m going to make a prediction here, then explain why I assume this. My prediction is this: Platinum prices are currently testing the lower boundary of a flat channel and, due to a number of factors which will be explained, ...

Will The Dollar Continue To Drop?

The U.S. dollar saw a bearish session against most of the major currencies during last week's trading. The dollar's downfall was largely due to downbeat economic indicators from both the housing and employment sectors.

EUR Hits Record Low This Week

The EUR rose on Wednesday, boosted partly by options-related demand, but fears about lingering debt crises in Europe and their negative impact on economic growth were seen as likely to limit its gains.

EUR Fails to Keep Gains Despite Bailout

Will the EUR/USD Reach 1.2000?

The question posed in the title of this article shouldn't sound impossible. It shouldn't even sound far-fetched. Look at the chart below, what do you see? The trend of this pair has been obvious since December 2009. Why are we ...