Intraday bias in EUR/USD remains neutral at this point. On the upside, above 1.3321 will resume the rebound from 1.2625 and target 61.8% retracement of 1.4246 to 1.2625 at 1.3627. On the downside, below 1.2974 will revive the case that rebound from 1.2625 is finished and flip bias back to the downside for this support level.
Action Insight (All Reports)
EUR/USD Mid-Day Outlook
Euro / Dollaro US – 22/02/2012 12:43 GMT
BOE Minutes Unveiled 2 Member Favored More Asset Purchases
The BOE minutes for the February meeting unveiled that 2 (Adam Posen and David Miles) out of 9 members opted for more expansion in asset purchases than decided. The 2 dissenters to the current monetary policy saw a risk of a prolonged period of depressed demand which would cause inflation
Action Insight (All Reports)
BOE Minutes Unveiled 2 Member Favored More Asset Purchases
The BOE minutes for the February meeting unveiled that 2 (Adam Posen and David Miles) out of 9 members opted for more expansion in asset purchases than decided. The 2 dissenters to the current monetary policy saw a risk of a prolonged period of depressed demand which would cause inflation
Action Insight (All Reports)
EUR/GBP Daily Outlook
EUR/GBP’s consolidation from 0.8221 continues and outlook remains unchanged. Upside of the consolidation is expected to be limited by 38.2% retracement of 0.8830 to 0.8221 at 0.8454 and bring fall resumption eventually. Below 0.8277 minor support should now send EUR/GBP through 0.8221 support toward 0.8067 key support level next.
Action Insight (All Reports)
Euro / Dollaro US – 22/02/2012 07:41 GMT
Euro / Dollaro US – 22/02/2012 07:41 GMT
Mid-Day Report: Euro Rally Lost Steam as Greek Bailout Boost Faded
The boost from Greece bailout deal to Euro was relatively brief as the common currency fails to take out recent high of 1.3321 against dollar and retreated. EUR/JPY also dips mildly after jumping to 105.98 earlier today. Major European indices are in red at the time of writing but down
Action Insight (All Reports)
EUR/USD Mid-Day Outlook
EUR/USD’s rebound from 1.2974 lost some momentum ahead of 1.3321 and remains bounded in range. Intraday bias stays neutral for the moment. On the upside, above 1.3321 will resume the rebound from 1.2625 and target 61.8% retracement of 1.4246 to 1.2625 at 1.3627. On the downside, below 1.2974 will revive
Action Insight (All Reports)

















































