EUR/USD Moves Down Again

December 22, 2014

Last Friday the world’s financial markets closed mixed. In Europe, the FTSE 100 advanced 1.23 percent up to 6,545.27 points, the DAX 30 fell 0.25 percent closing at 9,778.90 points, and the CAC 40 shed 0.18 percent down to 4,241.65 points.

On the Russian equity market, the MICEX index dropped 1.9 percent down to 1,449.13 points whereas the RTS index grew 0.41 percent up to 768.06 points.

In the United States, the Dow Jones Industrial Average added 0.15 percent closing at 17,804.80 points, the Standard & Poor's 500 grew 0.46 percent up to 2,070.65 points, and the NASDAQ Composite gained 0.36 percent going up to 4,765.38 points.

The MYMEX price of WTI oil futures for January rose by $2.41 and made $56.52 a barrel. On London’s ICE, the price of Brent oil futures for February went up by $2.11 and finished trading at $61.38 a barrel.

On the Forex market, EUR/USD is going down. Now it’s at the bottom boundary of the weekly triangle. As the scale is quite large, it’s hard to pinpoint the level at which the pair may break out of the triangle or rebound from the support. Thus, it would make sense just to watch the pair’s movements for some time.

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

February 28, 2017
Markets await Trump's State of the Union speech
The currency markets are likely to stay flat ahead of President Trump's State of the Union Address to the Congress later this evening, in anticipation that the President will unveil his proposed tax reforms plans and also talk about the infrastructure spending...
February 28, 2017
Oil prices recovered back
Oil prices rebounded from the oversold zone in the Asian session. Sellers failed to regain 55.50 and gave the way to buyers. Buyers took a chance and had reversed all Friday' losses by the Monday's noon...
February 27, 2017
EURUSD dropping perfectly, remain bearish
Price is dropping nicely towards our profit target. We remain bearish below 1.0604 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a further push down to 1.0494 (Fibonacci extension, horizontal support)...

Orbex Rating
Grand Capital Rating
Exness Rating
OctaFX Rating
FX Giants Rating
Larson&Holz IT Ltd Rating

OptionTrade Rating
Porter Finance Rating
Banc De Binary Rating
Binary.com Rating
GTOptions Rating
OptionRally Rating