Currency market emaciated with bearish trend in EUR/USD

Wednesday, December 23, 2009

From the market, there are updates regarding the USD trade index that have made up its mind to move upwards as indicated by the Forex analysis reports of Monday and finally break the area of 78.00. it is the highest among the gains attained by the USD index since early September.

Recent news from the Forex info indicated that the currency pair trading market is undergoing through immense pressure with most of the currencies trading sluggishly.

Let’s have a quick look at some of the trading position of some of the major currency pairs including EUR/USD, USD/CHF and AUDUSD.

EUR/USD is experiencing some massive movements in the market right from the beginning of this week session, nonetheless the pair is presently trailing ahead similar to the trade points of Friday because none of the trade sides has profited in these two days trade activity.

There is nothing to say much regarding the pair position at the market as many trading question are still unanswered and it seems that everything will became clear after entering into 2010 on seeing the reports of December data releases.

Forex trading range of the pair is amid 1.4310 to 1.4215.

USD/CHF is showing interesting price action at the Forex trading platform with CHF trading well against USD and EUR aggressively. However, the same is the condition with this pair as well nothing can be clearly said about the price action of the pair as it is also trailing in accordance to the Friday’s trading position as signified by the Forex analysis.

The surprise drop in the CHF impelled the SNB to be involved in the currency market directly in order to lower down the values of their currency at the market. The surprise hike in the selling-off of the CHF kept the SNB unanswered. Apparent to support the consideration that this point down for the CHF was brought by Central Bank involvement.

2 comments:

Lisa December 23, 2009 at 5:33 PM  

Practical analysis you have here. I wish you well in all your FOREX trading. Thanks for the updates. Happy Holidays!

Buddiez Forex December 30, 2009 at 1:19 AM  

yeah, i have make money with this position

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