EURUSD

Crosses all weak...would have expected e/u under 1.27

European Forex Technicals: EUR/CHF Close To 1.3073 Record Low

By Francis Bray
A DOW JONES NEWSWIRES COLUMN



http://cdn.forexfactory.com/images/attach/pdf.gif

2010-08-23_European Forex Technicals (08h50 CET) 001.pdf (12.6 KB)



Intraday EUR/USD:

Bears are in control of the short-term following Friday's push into fresh five-week lows below 1.2734, and support at 1.2664 is likely to face renewed pressure. The setback off the Aug. 6 peak at 1.3334 has been upgraded, and a main threat is for further weakness towards the 1.2605 area. Key support lies in the 1.2500 area should 1.2605 fail to hold. Resistance lies at 1.2780, but only regaining ground above 1.2833 would question the bearish outlook.

Weekly chart EUR/USD trend: Bearish.



Intraday USD/JPY:

Action remains rangebound within a seven-day bear pennant continuation pattern, and there is room for corrective strength Monday towards resistance at 85.92. However, upside looks limited to the 86.25 area, which will look to protect the pennant high at 86.39. A break below the Aug. 19 low at 84.89 would leave the Aug. 11 15-year low at 84.72 vulnerable, completing the bear pennant and threatening a sharper bear wave towards 83.45.

Weekly chart USD/JPY trend: Bearish.



Intraday GBP/USD:

The recovery off Friday's bear trap low at 1.5465 is looking to push higher to test resistance at 1.5595. However, the 1.5625 area will look to limit the recovery, in order to protect the 1.5672/87 lower highs from last week. Loss of 1.5525 would re-expose the 1.5465 low, and a break below 1.5465 would extend the short-term bear trend towards 1.5350.

Weekly chart GBP/USD trend: Bearish.



Intraday USD/CHF:

Resistance emerged at 1.0393 Friday to halt the corrective recovery off 1.0257, and weakness is expected to meet the 1.0305 target. However, a break below the 1.0286 higher low is required to bring the focus back onto the Aug. 19 seven-month low at 1.0257. Failure to meet the 1.0305 downside target, combined with a break above 1.0364 would lift the tone and re-open the 1.0393 high.

Weekly chart USD/CHF trend: Bearish.


und tschüss...


;-)

talk of bids 12675/80, stops near 12740..

usd getting weak. EUR/CHF has broken down below3187. now there is upcandle with only low volume.GBH/USD has established a base at 5553.a long in EUR is now for up to 2800

e/c saw some buying ahead of 1.31...wonder if SNB lurkes there..

Market News' median estimate looks for Germany 's August flash PMI to rise to +69.9 (manufacturing PMI) from the +61.2 seen in July. The service PMI is seen unchanged at +56.5.
http://imarketnews.com/node/18167

i hope its wtf time

It looks like the pressure is to the down side - PA doesn't want to go above 2725, now it's testing 2700 - and it looks to me like it wants to dive below. That's just my view.

Any weakness in G/U should make its way over to us with E/G trading like a sack of dirt...

I heard a flush. But it could be a floater. Still have low liquidity....thinking we have some yummy stops below 2700.....

yeah but usdx held. and we still didnt touch dpp... i see weakness.

Don't get me wrong...I added on the break. But I'm being cautious....I would have liked to see us higher...at least a touch of the pivot....I'll still take it....

its coming... a little bit more haha. make me rich babieh

Also talk of bids 50/60, stops below. You boys have any decent numbers under there?

usdx st predictive targets..

I'm playing bigger charts. 50/60 is just a speedbump for me. If you're scalping, ignore me...

All I can say is MMMMMM!

Wont ignore you mate, just see you along the way..goodluck

Good job, man. Your entry may turn into a longer-term play....we'll see....

Forex Focus: Euro/Swiss Franc Bears Likely To Get Their Way


By Nicholas Hastings
A DOW JONES NEWSWIRES COLUMN


LONDON (Dow Jones)--Euro/Swiss franc bears must be licking their lips.
For weeks they have been eyeing a euro down at CHF1.30. Now, it looks like they may get there. In fact, they could get the single currency all the way down to CHF1.2750, according to market experts.

See how the euro has been performing against the Swiss franc:


http://cdn.forexfactory.com/images/attach/pdf.gif

2010-08-23_Forex Focus (09h25 CET) 001.pdf (11.1 KB)



bis denne ...