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Technical Analysis 15/02/10 of FXCBS

Discussion in 'Technical Analysis' started by fxcbsar, Feb 15, 2010.

  1. fxcbsar

    fxcbsar New Member

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    This is Technical analysis daily provided by specialists and analysts from FXCBS

    Monday February 15 , 2010

    Previous session overview

    The euro dollar pair recorded a low of 1.35788 and a high of 1.36304, having the union currency trading around 1.36121.

    Regarding the pound dollar pair, it recorded a low of 1.56119 and a high of 1.56800, having the royal currency trading around 1.56573.

    Finally, the dollar yen pair it is consolidating between 90.230 levels and 89.970 levels, recording a high of 90.227 and a low of 89.977.

    Market Expectations

    EUR/USD :

    Determined Indicators support our expectations for a rise to the pair Euro against the U.S. dollar and we expect to complete a corrective movement that began last week to reach the level of 1.38500 this expectation requires constant trading above the level of 1.35250.

    [​IMG]

    GBP/USD :

    Determined indicators showing positive signs of reaction for the pair sterling against the U.S. dollar supported the possibility of a corrective movement for the pair , beginning hacked resistance level at 1.57650 which is meets with the level of 23.2% Fibonacci, and we expect the pair to touch the level of 1.59250.

    [​IMG]

    USD/JPY :
    Determined indicators showing positive signs of reaction for a couple of sterling against the U.S. dollar supported the possibility of a corrective movement for a couple, beginning hacked resistance level at 1.57650 which is meets with the level of 23.2% Fibonacci, and we expect to reach this patch to touch the level of 1.59250.

    [​IMG]
    Senior Analyst / Ali Hasan /FXCBS

    http://www.fxcbs.com/newsletter/daily.html


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