Added on 02.04.2005 at 06.24GMT EURUSDThe Euro slipped on the major support level of 1.2945 on yesterday, something we exected since Sunday when we publishedour weekly outlook. Today we keep our eyes on the major events. Support starts and 1.2945 followed by 1.2925 and 1.2881. Resistance is seen at 1.3026. Additional gains will target the 1.3075/85 Read More
Thursday 02.03.2005
Added on 02.03.2005 at 06:28GMT EURUSDStrong support is seen in the 1.305/10 area followed by 1.2983. Resistance starts at 1.3040 and is followed by 1.3070, 1.3095 and 1.3125. Keep an eye on the today events. Current exchange rate is 1.3022 Trading strategies:Short at 1.3040/50, t/p @1.3, s/l @1.3070. USDJPYThe pair has breached the resistance key Read More
Wednesday 02.02.2005
Added on 02.02.2005 at 06.31GMT EURUSDThe Euro was strong enough during the Asian session to break the resistance key at 1.3075, but everyone is waiting for the major events of this week so we have to be careful. The second major resistance key is eyed at 1.3127. The pair currently stands on the support level at Read More
Tuesday 02.01.2005
Added on 02.01.2005 at 06:24GMT EURUSDResistance was found at 1.3080 on Friday and it will probably be tested today. Additional gains will target the second resistance level at 1.3130. Important support is eyed at 1.2975 followed by 1.2945. We look forward for a drop below 1.3 area. Current exchange rate is 1.3053Trading strategies: Short at Read More
Monday 01.31.2005
Added on 01.31.2005 at 06.10 GMT EURUSDWe believe that the market sentiment remains bearish for the week ahead. Important resistance level was triggeredon the last Friday rally (1.3127 thru 1.3080) and also the double top of 1.3075. Therefore, the 1.307 area seemsto be a strong resistance zone that we will probably trust along with our short Read More
A week ahead (01/31/2005 – 02/04/2005)
Technical Outlook for the week of 31 Jan-04 FebEURUSD Important resistance level was found in the 1.3120/30 area, where we have a double top formed in the last two weeks. As we can see on the chart, this resistance level is also the 38.2% retracement of the 1.2225-1.3665 rally. Any breach here, on the first Read More
Friday 01.28.2005
Added on 01.28.2005 at 07.08GMT EURUSDImportant support was found in the 1.302 area. First important resistance level is seen at 1.3103. Current exchange rate is 1.3049Trading strategies: Long at 1.303, t/p @1.3115, s/l @1.3USDJPYResistance is seen in the 103.30/35 area (the trend line of 103.7 thru 103.421 high). The dollar will probably drop towards 102.50 area Read More
Thursday 01.27.2005
Added on 01.27.2005 at 07.02GMT EURUSDImportant support was found at 1.3055. A breach below here will probably face the second support level at 1.3.On the other side, resistance starts at 1.3145 followed by 1.32 and 1.3290. We expect a new test at first support keyand probably a new rally towards 1.32 area. Current exchange rate is Read More
Wednesday 01.26.2005
Added on 01.26.2005 at 06.42GMT EURUSDWe expect a reverse during the next few hours. Reistance starts at 1.3042 followed by 1.3128 and 1.3177. Support is seen at 1.2907, 1.2860 and 1.2775. Current exchange rate is 1.2984Trading strategies:Short at 1.3020, t/p @1.2980, s/l @1.3050USDJPYSupport was found at 103.11. A new rally towards 104 area is possible. Current Read More
Tuesday 01.25.2005
Added on 01.25.2005 at 06.42GMT EURUSDSupport starts at 1.3022, followed by 1.2985 and 1.2945. First resistance was found at 1.31 and it will probably be tested again a bit later, if the support levelat 1.3022 will be strong enough to hold. Also, the accumulated positive momentum following Friday’s rise is helping the EUR regain ground, thus Read More
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