Technical Analysis 21/05/2010 FXCBS
Friday May 21 , 2010
Previous session overview
The pair Euro against the U.S. dollar traded during the Asian session
between the highest level at 1.26721 and the lowest level at 1.24546,
the pair trading now around the level of 1.25916.
The pair Sterling against the U.S. dollar traded during the Asian
session between the highest level 1.44567 and the lowest level at
1.43272, the pair trading now around the level of 1.44268.
Finally , the pair U.S. dollar against the Japanese Yen traded during
the Asian session between the highest level at 90.371 and the lowest
level at 89.032 , the pair trading now around the level of 90.127
Market Expectations
EUR/USD :We expect today for the pair
Euro against the U.S. dollar a decline to the level of 1.24030 then to
the level of 1.23200 , these expectation require a penetration for the
support level at 1.24650 and stability of trading below the resistance
level at 1.27920 , determined indicators are close to saturation on the
buying process .
GBP/USD :etermined indicators for the
pair Sterling against the U.S. dollar are so close to saturation on the
buying process, which may lead the pair to decline to the level of
1.43530 then to the target of 1.42900, stability of trading below the
level of 1.45000 necessary to achieve these expectations.
USD/JPY :We are waiting a retest of
broken support that has currently turned into resistance at 91.050,
followed by resuming the bearish trend for today; key targets are
89.750 then 88.450.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The pair Euro against the U.S. dollar traded during the Asian session
between the highest level at 1.26721 and the lowest level at 1.24546,
the pair trading now around the level of 1.25916.
The pair Sterling against the U.S. dollar traded during the Asian
session between the highest level 1.44567 and the lowest level at
1.43272, the pair trading now around the level of 1.44268.
Finally , the pair U.S. dollar against the Japanese Yen traded during
the Asian session between the highest level at 90.371 and the lowest
level at 89.032 , the pair trading now around the level of 90.127
Market Expectations
EUR/USD :We expect today for the pair
Euro against the U.S. dollar a decline to the level of 1.24030 then to
the level of 1.23200 , these expectation require a penetration for the
support level at 1.24650 and stability of trading below the resistance
level at 1.27920 , determined indicators are close to saturation on the
buying process .
GBP/USD :etermined indicators for the
pair Sterling against the U.S. dollar are so close to saturation on the
buying process, which may lead the pair to decline to the level of
1.43530 then to the target of 1.42900, stability of trading below the
level of 1.45000 necessary to achieve these expectations.
USD/JPY :We are waiting a retest of
broken support that has currently turned into resistance at 91.050,
followed by resuming the bearish trend for today; key targets are
89.750 then 88.450.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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