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Market News and Analysis by bforex

EURUSD: The EUR has been trading a range between the 2 Fibonacci levels of 61.8% and 50%, generated from 2009's high and low. From a straight Support and Resistance perspective we would put Resistance at 1.38 and Support at 1.3450. As the EUR closes in on Support we will take a closer look at price

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The Dollar Remains Bid as Markets Await The Next Round of Data

EURUSD: The EUR has been trading a range between the 2 Fibonacci levels of 61.8% and 50%, generated from 2009's high and low. From a straight Support and Resistance perspective we would put Resistance at 1.38 and Support at 1.3450. As the EUR closes in on Support we will take a closer look at price