Stocks and Dollars

The precipitous decline in EUR/USD sees the single currency testing the key 200-day sma (currently around 1.3125). EUR/USD has averaged an approximate 2400 pip subsequent move for the last 5 daily closes through the key 200-day simple moving average. The significant moving average converges with the 38.2% retracement (12/2009 – 6/2010 decline) into 1.3125.

Probably, the wave [a] of 2 comes to the end with Diagonal Triangle (v) of [a]. If it so for his end the price needed to generate final Zigzag v of (v) of [a] then can be expected sharp change of direction of movement of the price, as formation of

EUR/USD Today’s support: – 1.3093 and 1.3063(main), where correction is possible. Break would give 1.3032, where correction also may be. Then follows 1.3011. Break of the latter would result in 1.2990. If a strong impulse, we would see 1.2968. Continuation will give 1.2950.

EUR/USD Today’s support: – 1.3093 and 1.3063(main), where correction is possible. Break would give 1.3032, where correction also may be. Then follows 1.3011. Break of the latter would result in 1.2990. If a strong impulse, we would see 1.2968. Continuation will give 1.2950.

Price made its way into the 84.32-58 area yesterday. It’s just a little unclear whether it has found its high or whether there’s one more leg to go. However, the 84.19 pivot support tested this morning does appear to be the critical pivot between a new high and direct losses.

HONG KONG, Nov 30 (Reuters) – Hong Kong stocks may fall onTuesday, giving up some gains posted in the previous session, asa weak Wall Street finish and a stronger dollar may discourageinvestors from buying …

Despite a defined bailout package to aid Ireland and its troubled banks, risk sentiment tumbled resulting in a flight to safety. The dollar gained as a safe haven amid continued Euro zone debt fears. The Irish package which was released today totaled 85 billion euro of which 45 billion came

Despite a defined bailout package to aid Ireland and its troubled banks, risk sentiment tumbled resulting in a flight to safety. The dollar gained as a safe haven amid continued Euro zone debt fears. The Irish package which was released today totaled 85 billion euro of which 45 billion came