Regard setbacks as opportunities to grow. Learn from them; research them; use them to propel you forward. ~ Dan Zadra
Good morning. Euro is recovering from recent lows ahead of EU Summit, which begins later today.
EURUSD
Euro struggles to recover on EU Summit risk-on trade, currently facing resistance around 1.2530. Should the recovery continue, next barrier to watch is formed around 1.2570
Market sentiment: intraday – bullish, short-term – bearish
EURUSD hourly 6-28-2012
4hrs chart:
EURUSD 4hrs 6-28-2012
daily chart:
EURUSD daily 6-28-2012
USDCHF
Dollar pulled back after a second failed attempt against .9650, so it’s time to keep an eye on this horizontal support line at .9590/00
Market sentiment: intraday – bearish, short-term – bullish
USDCHF 4hrs 6-28-2012
GBPUSD
There’s probably some more selling just around the corner, as yesterday’s sell-off suggests.
Market sentiment: intraday – neutral, short-term – bearish
GBPUSD 4hrs 6-28-2012
EURJPY
Although support at 99 held and there are two candles suggesting that support is strong, the recovery which followed the last support test is not convincing. Therefore, a plan to consider is selling on the potential breakdown, as it could turn volatile
Market sentiment: intraday – bearish, short-term – bearish
EURJPY 4hrs 6-28-2012
NZDUSD
The Kiwi dollar is recovering after testing support layer formed by the MA bands not too far above .7800. More bets on positive news from the EU Summit should easily propel it to resistance around .8060
Market sentiment: intraday – bullish, short-term – bullish
NZDUSD daily 6-28-2012
GBPCHF
Support formed by former top zone has been tested and so far it held, so it seems that buyers are not giving up.
Market sentiment: intraday – bullish, short-term – bullish
GBPCHF 4hrs 6-28-2012
EURGBP
It is still in free-fall mode and recent support is now providing resistance around .8025. It’s quite hard to find a single reason to buy this pair
Market sentiment: intraday – bearish, short-term – bearish
EURGBP 4hrs 6-28-2012
have a great day!
