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Euro dollar is on high ground on this highly important day on a special date. The second LTRO of the ECB is in the limelight: European banks will get more cash, and there’s a lot of uncertainty about the size and market reaction. “Selling the fact” seems the best option. Will Greece be let go after banks are better equipped? Later, revised US GDP and more importantly, a testimony by Ben Bernanke will shake the markets.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-feb-29-big-day-all-eyes-on-ltro-and-also-bernanke/"]Big Day: All Eyes on LTRO, and also Bernanke[/URL][/I][/B]

Euro dollar remains on high ground and is trading in a narrower range. S&P downgraded Greece to “Selective Default” and hinted that if the bond swap won’t go as planned, an outright default is on the cards. Tension is mounting towards the ECB’s LTRO. Today we have quite a few US figures.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

EUR/USD Technicals

Asian session: Slow session sees the pair eventually slip lower, under 1.3430.
Current range: 1.3430 to 1.3486.
Further levels in both directions: Below: 1.3430, 1.3333, 1.3280, 1.3212, 1.3145, 1.3060, 1.3060, 1.2945, 1.2873 and 1.2760.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-feb-28-stable-on-high-ground-after-sp-selective-default-call/"]EUR/USD ...

Euro dollar is slipping from the highs it reached late last week. The G-20 meeting in Mexico didn’t provide any immediate resolutions, and Europe was told to help itself first. The question of IMF funding for the Greek bailout remains open as the German parliament is expected to approve the deal with help of the opposition. One senior minister wants to see Greece out of the euro-zone. Greece officially launched the haircut and is waiting for volunteers.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-feb-27-slipping-from-high-ground-as-europe-offered-no-help/"]EUR/USD Slipping from High Ground as Europe ...

GBP/USD was unchanged over the week, although the pair did drop over 200 pips before rebounding, to close at the 1.5870 level. The upcoming week has six releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

British GDP contracted by 0.2% in Q4 of 2011, and business investment plunged by some 5.4% in the same period. Yet, despite these gloomy figures, the pound has managed to hold its own against the dollar and then some, reaching as high as the 1.59 level this week.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-feb-27-march-2/"]GBP/USD Outlook Feb. 27 – March 2[/URL][/I][/B]