AUD/USD’s sharp fall fro 0.9280 indicates that a temporary top is in place and turns bias neutral. As noted before, AUD/USD is still holding well inside near term rising channel and whole rebound from 0.8066 might still be in progress. ABove 0.9280 will likely target another high above 0.9220. On
AUD/USD Daily Outlook
August - 31 - 2010
Forex Technical Update
August - 31 - 2010
EURO: The Euro (1.2651) fell from its yesterday’s high of 1.2757 levels as dollar and yen are trading strong. The crucial support of 1.26 levels is likely to be tested soon and a break below 1.2600 might see further dip towards 1.2500-1.2450 levels. The market may trade in a thin
Forex Technical Update
August - 31 - 2010
EURO: The Euro (1.2651) fell from its yesterday’s high of 1.2757 levels as dollar and yen are trading strong. The crucial support of 1.26 levels is likely to be tested soon and a break below 1.2600 might see further dip towards 1.2500-1.2450 levels. The market may trade in a thin
Forex Technical Update
August - 31 - 2010
EURO: The Euro (1.2651) fell from its yesterday’s high of 1.2757 levels as dollar and yen are trading strong. The crucial support of 1.26 levels is likely to be tested soon and a break below 1.2600 might see further dip towards 1.2500-1.2450 levels. The market may trade in a thin
Forex Technical Update
August - 31 - 2010
EURO: The Euro (1.2651) fell from its yesterday’s high of 1.2757 levels as dollar and yen are trading strong. The crucial support of 1.26 levels is likely to be tested soon and a break below 1.2600 might see further dip towards 1.2500-1.2450 levels. The market may trade in a thin
Currency Crosses Pairs Analysis
August - 31 - 2010
EUR/GBP Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area. Intraday: No change from last week, keeps on sliding for a retest of Junes low in 0.8070 zone. Trade the 100 pip range developed between 0.8140 and 0.8235.
Currency Crosses Pairs Analysis
August - 31 - 2010
EUR/GBP Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area. Intraday: No change from last week, keeps on sliding for a retest of Junes low in 0.8070 zone. Trade the 100 pip range developed between 0.8140 and 0.8235.
Currency Crosses Pairs Analysis
August - 31 - 2010
EUR/GBP Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area. Intraday: No change from last week, keeps on sliding for a retest of Junes low in 0.8070 zone. Trade the 100 pip range developed between 0.8140 and 0.8235.