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Filtered by tags:  Daily Support 1
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EURo opens flat

After three consecutive weeks of opening gaps - all of them were to the downside - Euro finally opened in regular fashion. To be precise, the pair gapped up two pips but that's a part of normal fluctuations.
The pair just broke below Previous Week Low and May low (1.0819) is the next one in line before 1.08 (Daily Support 1, 00's). On the upside, initial resistance sits between 1.0840 and 1.0860 (High Of Day, 50's, Daily Pivot Point).
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EURo pulled back

After a couple of attempts to break above strong 1.1380 - 1.1400 resistance, Euro turned south and retraced about 150 pips, breaking 1.13 level and Previous Week High (1.1290) in the process. It stalled between 100 DMA (1.1250) and Daily Support 1 (1.1225) before stabilizing.
Another encouraging Unemployment Claims reading (265K vs. 277K expected, 262K previous) helped to ease Dollar bulls' concerns over tomorrow's NFP.
The focus will now shift to UK election and Cable, with the results of first…
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USD/CAD awaits Poloz

USD/CAD sold off sharply after BOC left rates on hold, revised up its inflation forecasts and only just slightly downgraded its shorter-term GDP projections. The pair is stalling ahead of Daily Support 1 (1.2418) and Weekly Support 1 (1.2415) and appears to be waiting for BOC Press Conference, which starts at 15:15 GMT.
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