The Euro (1.2260) has come off from yesterday’s modest high near 1.2334. It continues to look bearish, and may dip towards 1.22 and lower this week. Dollar-Yen (91.10) has also refused to sustain above 91.50 yesterday. Resistance seen at 91.50-92.00 now. The weakness isn the Nikkei is also dampening Dollar-Yen.
Market Morning Briefing
May - 31 - 2010
Market Morning Briefing
May - 31 - 2010
The Euro (1.2260) has come off from yesterday’s modest high near 1.2334. It continues to look bearish, and may dip towards 1.22 and lower this week. Dollar-Yen (91.10) has also refused to sustain above 91.50 yesterday. Resistance seen at 91.50-92.00 now. The weakness isn the Nikkei is also dampening Dollar-Yen.
Forex and Dow Jones Recommended Levels
May - 31 - 2010
EUR/USD Today’s support: – 1.2243 and 1.2216(main), where correction is possible. Break would give 1.2196, where correction also may be. Then follows 1.2168. Break of the latter would result in 1.2136. If a strong impulse, we would see 1.2108. Continuation will give 1.2084
Forex and Dow Jones Recommended Levels
May - 31 - 2010
EUR/USD Today’s support: – 1.2243 and 1.2216(main), where correction is possible. Break would give 1.2196, where correction also may be. Then follows 1.2168. Break of the latter would result in 1.2136. If a strong impulse, we would see 1.2108. Continuation will give 1.2084
Daily Technical Analysis
May - 31 - 2010
The EURUSD didn’t make significant movement yesterday. Earlier today in Asian session, price struggling around 1.2260 support area as you can see on my h1 chart below indicating critical intra-day technical phase. The major scenario remains to the downside but we need a consistent move below 1.2260 to continue the
Daily Technical Analysis
May - 31 - 2010
The EURUSD didn’t make significant movement yesterday. Earlier today in Asian session, price struggling around 1.2260 support area as you can see on my h1 chart below indicating critical intra-day technical phase. The major scenario remains to the downside but we need a consistent move below 1.2260 to continue the
FX Technical Commentary
May - 31 - 2010
Euro 1.2285 Initial support at 1.2144 (May 19 low) followed by 1.2135 (0.50 of 0.8232-1.6039). Initial resistance is now located at 1.2453 (May 28 high) followed by 1.2587 (May 24 high)
FX Technical Commentary
May - 31 - 2010
Euro 1.2285 Initial support at 1.2144 (May 19 low) followed by 1.2135 (0.50 of 0.8232-1.6039). Initial resistance is now located at 1.2453 (May 28 high) followed by 1.2587 (May 24 high)