Technical Analysis 3/03/2010 of FXCBS
Wednesday March 3 , 2010
Previous session overview
The pair Euro against U.S dollar traded in a narrow range slant upward
during the Asian period, the highest price was at 1.36545 and the
lowest price at 1.36056, the pair trade now around the level of 1.36190.
Sterling against Dollar also traded in narrow range during the Asian
section between high price at 1.50758 and low price at 1.49583, the
pair now trading around 1.50050.
Finally, the dollar gained against the Japanese yen, the pair recoded a
low of 88.470 and a high of 88.949. The pair trading now at 88.835
Market Expectations
EUR/USD :The euro against the U.S. dollar
Try to penetration resistance level at 1.36550, but bounced back
quickly, which leads us to expect that the correction to the recent
wave has been completed, and therefore we expect today's down for a
couple to the targets 1.34400 , these expectations requires a
breakthrough for the support level at 1.35850.
GBP/USD : The pair Sterling against
the U.S. dollar has a touch with the resistance level of 1.50700 then
Recoil, we expect today's down for a couple to the support target at
1.48500.
USD/JPY : We expect a possible bearish intraday direction; targets
start at 88.220 then 87.650. The bearish short term wave will prevail
if 90.000 remain intact.
Senior Analyst / Ali Hasan /FXCBS
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Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
Previous session overview
The pair Euro against U.S dollar traded in a narrow range slant upward
during the Asian period, the highest price was at 1.36545 and the
lowest price at 1.36056, the pair trade now around the level of 1.36190.
Sterling against Dollar also traded in narrow range during the Asian
section between high price at 1.50758 and low price at 1.49583, the
pair now trading around 1.50050.
Finally, the dollar gained against the Japanese yen, the pair recoded a
low of 88.470 and a high of 88.949. The pair trading now at 88.835
Market Expectations
EUR/USD :The euro against the U.S. dollar
Try to penetration resistance level at 1.36550, but bounced back
quickly, which leads us to expect that the correction to the recent
wave has been completed, and therefore we expect today's down for a
couple to the targets 1.34400 , these expectations requires a
breakthrough for the support level at 1.35850.
GBP/USD : The pair Sterling against
the U.S. dollar has a touch with the resistance level of 1.50700 then
Recoil, we expect today's down for a couple to the support target at
1.48500.
USD/JPY : We expect a possible bearish intraday direction; targets
start at 88.220 then 87.650. The bearish short term wave will prevail
if 90.000 remain intact.
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software
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