Technical Analysis 2/04/2010 of FXCBS
Friday April 2 , 2010
Previous session overview
The euro reached the highest yesterday at 1.35900 only to reverse from
this level and to start a slight decline in today's Asian session
recording a low of 1.35536 and a high of 1.35905.
Pound against the dollar started a slight decline in the Asian session.
The pair recorded a high of 1.52958 and a low of 1.52509.
Finally, the dollar yen pair continued to incline recording the highest
in seven months, the pair recorded the highest during the Asian session
at 94.055 and a low of 93.66.
Market Expectations
EUR/USD :Narrow trading range for the
pair the euro against the U.S. dollar today as the Good Friday holiday,
determined indicators show negative signs may pay the price to a simple
slide and begin after penetration level of support 1.35600.
GBP/USD :etermined
indicators show negative signs for the pair sterling against U.S
dollar, which makes us expect a decline for the pair to the level of
1.52000.
USD/JPY :The correction is urgently
needed to relieve the indicators, followed by resuming the possible
predicted bullishness over intraday basis, targeting 95.000.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The euro reached the highest yesterday at 1.35900 only to reverse from
this level and to start a slight decline in today's Asian session
recording a low of 1.35536 and a high of 1.35905.
Pound against the dollar started a slight decline in the Asian session.
The pair recorded a high of 1.52958 and a low of 1.52509.
Finally, the dollar yen pair continued to incline recording the highest
in seven months, the pair recorded the highest during the Asian session
at 94.055 and a low of 93.66.
Market Expectations
EUR/USD :Narrow trading range for the
pair the euro against the U.S. dollar today as the Good Friday holiday,
determined indicators show negative signs may pay the price to a simple
slide and begin after penetration level of support 1.35600.
GBP/USD :etermined
indicators show negative signs for the pair sterling against U.S
dollar, which makes us expect a decline for the pair to the level of
1.52000.
USD/JPY :The correction is urgently
needed to relieve the indicators, followed by resuming the possible
predicted bullishness over intraday basis, targeting 95.000.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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