1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Technical analysis 10/12/09 of FXCBS

Discussion in 'Technical Analysis' started by fxcbsar, Dec 10, 2009.

  1. fxcbsar

    fxcbsar New Member

    Joined:
    Dec 4, 2009
    Messages:
    267
    Likes Received:
    0
    This is technical daily and provided by specialists and analysts from the company FXCBS

    Previous session overview

    The Euro against U.S dollar fell during the Asian session , the pair achieved the lowest price at the level 1.46927 and the highest price at the level 1.47593, the pair trading at this time around the level 1.47049.

    Sterling against the dollar also declined during the Asian session and achieved the lowest price at 1.62148, and its highest was at 1.63220 the pair trading now near the levels of 1.62597.

    The dollar against the yen dropped sharply during the Asian session and achieved the lowest price at 87.735, and it highest was at the level 88.233 the pair now trading at the levels of 88,105.

    Market Expectations

    EUR/USD :
    The pair Euro against the U.S dollar was complete its corrective last day to the level 50% Fabbnnaci and collided with the level 1.47600 which stood with a and strong resistance, we expect minor fluctuation around this level before the pairs can return to Falling again toward to the goals 1.4570 and then 1.4500, all of that’s expectations need stability trading under the level 1.47700.

    GBP/USD :
    The pair Starling against the U.S dollar was complete its corrective last day which was refer in the past report , we expect today that the pair will return to down side again and fall to the level 1.61350 then to the level 1.6000, this expectations need Penetration the level of support 1.61550.

    USD/JPY :
    The pair U.S dollar against the Japanese yen is still affected by the movement of vibrating and traded in limited level between the support 87.700 and resistance level 88.380 we expect this volatility to continue for a short period today before climbing back towards the level of 89.120.

    SeniorAnalyst / Ali Hasan / FXCBS
     
Loading...

Share This Page