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Forexpros Daily Analysis - 27/01/2011

Discussion in 'Forex Daily News & Outlook' started by forexpros2, Jan 27, 2011.

  1. forexpros2

    forexpros2 Member

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    ForexPros Daily Analysis January 27, 2011


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    Euro Dollar:

    The euro continues in measured moves long. The ruo bounced off its next measured move long at 1.36392, with a target at 1.37396, with coincides with 61.8% target from longer term longs from 1.32404 and 1.3547.

    Pound:

    On the daily, the pound bounced off (frontrun) it next bullish setup at 1.57328, with a target at 1.2138. The 61.8% of the next short at 1.59379, is acting as resistance.

    Yen:

    On the daily, the 61.8% on the long at 81.971 is acting as support. The yen is within a larger short from 84.592, which has a target at 78.227, which would be an all time low. Previous lows at 80.9 and 80.2 may act as support.

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    Forex Trading analysis written by Diana Rochford for Forexpros.

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