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EURUSD Daily Forecast: June 10 |
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Written by Administrator
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Thursday, 10 June 2010 |
EURUSD Forecast:
The EURUSD attempted to push higher yesterday, topped at 1.2072 but
unable to consistently move above 1.2050, and closed lower below 1.2000
psychological area. The Euro has been moving in rapid bearish movement
since December 2009 from 1.5140, so any upside pressure is normal at
this phase as price already in oversold area. We need a clear break
below the minor bullish channel (blue channel) to continue the bearish
scenario testing 1.1800 and 1.1600 area. As you can see on my h1 chart
below, price has to move above the minor trendline resistance (red) to
continue the bullish correction scenario. We still have some space for
the upside correction in nearest term while market is still volatile,
but the main scenario remains to the downside. Immediate resistance at
1.2050/70 followed by 1.2150 region.
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Technical Analysis for EURUSD 25 March 2010 |
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Written by Administrator
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Thursday, 25 March 2010 |
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EURUSD Forecast:
The EURUSD dropped significantly on Portugal downgrade yesterday. Price
break below 1.3450/35 key support area, confirms technical bearishness
targeting 1.3100 this week. Trichet is going to speak today and it make
sense for me that probably he will say something “positive” about the
Euro zone or the Euro to prevent further and faster drop.
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Technical Analysis for GBPUSD 25 March 2010 |
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Written by Administrator
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Thursday, 25 March 2010 |
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GBPUSD Forecast:
The GBPUSD had a significant bearish momentum yesterday. On daily chart
below we can see that price is now struggling around the major
trendline support indicating critical technical phase. Clear break
below the trendline support should trigger further bearish scenario
targeting 1.4500 region. Immediate resistance at 1.4950.
Break above that area could trigger further upside correction testing
1.5000/50 area. Initial support at 1.4840/50 area. Break below that
area confirms the technical bearishness targeting 1.4779 before aim for
1.4500.
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Fundamental Analaysis for 15 March 2009 |
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Written by Administrator
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Monday, 15 March 2010 |
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* Greek debt crisis continues to hang over the euro…
* Moody’s says the UK and US debt ratings are secure, for now…
* Swiss National Bank lets the franc appreciate…
* Lots of data on tap in the US this week…
And Now… Today’s Analysis!
Greek debt is the euro’s Sword of Damocles….
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