2010-05-12_European Forex Technicals : No Respite For Beleaguered EUR
12 May 2010, 08:32
http://cdn.forexfactory.com/images/attach/pdf.gif 2010-05-12_European Forex Technicals.pdf (8.9 KB)
Intraday :
EUR/USD :
Extends the sharp reversal off Monday's high at 1.3095, and while the 1.2750 lower high remains intact, renewed bear pressure is likely to head for the 2010 low at 1.2510, set on May 6. Due to the inability to stage any meaningful rally since setting the 1.3095 high, the dominant threat is for a break below 1.2510 to test the 2009 low at 1.2457. Regaining ground above 1.2750 is required to provide a near-term boost, opening 1.2803.
Weekly chart EUR/USD trend: Bearish.
;-)
Good luck - macht etwas daraus Jungs !
Excuse me for beeing a bit late with this - but trading has priority - and yes Cable was much more funny within the last days sessions. And some other pairs as well. You are absolutely right. I often thought about the possibility to post something about the whole market situation we are involved with. But I think this place is not suitable for such things. Der Kiosk ist mir etwas zu pöbelhaft und nicht diskret genug, damit auch nicht genügend der Sache dienlich.
Tut mir leid
12 May 2010, 08:32
http://cdn.forexfactory.com/images/attach/pdf.gif 2010-05-12_European Forex Technicals.pdf (8.9 KB)
Intraday :
EUR/USD :
Extends the sharp reversal off Monday's high at 1.3095, and while the 1.2750 lower high remains intact, renewed bear pressure is likely to head for the 2010 low at 1.2510, set on May 6. Due to the inability to stage any meaningful rally since setting the 1.3095 high, the dominant threat is for a break below 1.2510 to test the 2009 low at 1.2457. Regaining ground above 1.2750 is required to provide a near-term boost, opening 1.2803.
Weekly chart EUR/USD trend: Bearish.
;-)
Good luck - macht etwas daraus Jungs !
Excuse me for beeing a bit late with this - but trading has priority - and yes Cable was much more funny within the last days sessions. And some other pairs as well. You are absolutely right. I often thought about the possibility to post something about the whole market situation we are involved with. But I think this place is not suitable for such things. Der Kiosk ist mir etwas zu pöbelhaft und nicht diskret genug, damit auch nicht genügend der Sache dienlich.
Tut mir leid
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