This is Technical analysis daily provided by specialists and analysts from FXCBS Monday February 8 , 2010 Previous session overview
The euro dollar pair fell slightly recording a low of 1.36209 and ahigh of 1.36783, having the union currency trading around 1.36750.
Regarding the pound dollar pair, it declined in today's Asian sessionto record a low of 1.55349 that lowest since May 21and the highest wasat the level 1.56214. The pair is currently trading around 1.55858.
Finally, the dollar yen pair is consolidating between a low of 89.141and a high of 89.492, while the pair is trading around 89.422.
Market Expectations EUR/USD : The pair Euro against U.S. dollar succeeded to achieved the objectivesof the landing during the trade last week, determined indicators show ahigh saturation in the sales, which may lead the pair to make acorrective movement to the level 1.38550 and we should note that thisnew movement just corrective .
GBP/USD : The pair Sterling against the U.S. dollar fell sharply during the tradelast week but it was collides with a key support at 1.55300, we canshow a signs of positive reaction by stochastic which may lead to acorrective movement to the level of 1.58550.
USD/JPY : We expect to achieve more bearish short term direction in order forthis pattern's targets, which are around 84.800, could prevail. It isvital that 90.300 remain intact to support the bearish directionwhereas the bearish short term remains intact while trading below mainresistance 92.500.
Favorites
Digg
Del.icio.us
Furl
Magnolia
StumbleUpon
Google
Yahoo MyWeb
