日本語
Español
中文
Русский 
- New York 06:43
- London 11:43
- Barcelona 12:43
- Tokyo 20:43
- Sydney 22:43
9
0
Currency Technical Report
Thu, Nov 20 2008, 09:34 GMT
by George Antonakos
EUR/USD
Resistance: 1,2560/ 1,2600-10/ 1,2650/ 1,2690-2710/ 1,2755/ 1,2800-10/ 1,2865/ 1,2930
Support : 1,2480/ 1,2430/ 1,2390-00/ 1,2330-50/ 1,2280
Comment: High volatility yesterday, as euro broke the first resistance levels that set the short term ranges and moved to 1,2800-10 area. The break of the trend line, that links the tops from October and sets the triangle formation (clear in the 4hour chart) , was false and this usually indicates that a move to the opposite direction should follow.
Despite yesterday’s moves, euro remains within the wider consolidation ranges, even though we saw some negative signs.
The 4 Hour chart may be the best indicator for short term positions. Important support is found at 1,2400-50, while strong resistance emerges at 1,2800-50 area. First interim resistance is found at 1,2590-2610 area today…
Below 1,2400 a downward break of the sideways consolidation may be possible and a move below 1,2330-50 lows, would confirm it. 
STRATEGY: We move in the ranges of the Bollinger Bands in the 4 Hour chart and try buy orders with stops below 1,2400, while sell opportunities emerge in the upper Bollinger with stops above 1,2880…. Break in the 4 hour chart would be followed with buy and sell orders accordingly…
As always, we keep our positions small due to high volatility…
Published on Thu, Nov 20 2008, 09:38 GMT
Archive
- Currency Technical Report
Published On Tue, Nov 24 2009, 11:14 GMT - Currency Technical Report
Published On Thu, Nov 19 2009, 12:23 GMT - Currency Technical Report
Published On Wed, Nov 18 2009, 13:36 GMT - Currency Technical Report
Published On Mon, Nov 9 2009, 11:37 GMT - Currency Technical Report
Published On Thu, Nov 5 2009, 12:52 GMT
FXGreece
| 98 Vouliagmenis Ave. Glyfada Athens
http://www.fxgreece.gr/ | trading@fxgreece.gr
Legal disclaimer and risk disclosure
- The details and information included in the provided analysis, are part of research based exclusively on currency charts and are of purely instructional and educational nature. None of the information featuring in the analysis can be considered as an invitation for opening positions in FOREX market or in the market of forward contracts or any securities listed on an organized or unorganized market.
- We assume no responsibility for any kind of losses ,profits or property loss resulting, in whole or in part, from acts that are based either directly or indirectly on the processing or the use of information, details and strategies, the reader may find in the analysis. The readers hold full responsibility for the use and the results of their actions.
- The recipients of the analysis must acknowledge and accept that investment choices of any kind, especially concerning the FOREX market, contain risks (high, low and occasionally zero) of reduction or even loss of their investment. Therefore, they should always be cautious prior to any kind of action.
- We reserve the right to change the terms and the characteristics of the analysis.
- The contents of the analysis are solely intended for personal use. They may not be retransmitted, reproduced, distributed, published, adapted, modified or assigned to third parties in any way whatsoever. Anyone having access to them is required to comply with the law provisions on the protection of third party intellectual property rights.
Related reports
Daily FX Report - The AUD/JPY fell to 81.85 and the NZD/JPY fell to 64.80 by Varengold Wertpapierhandelsbank AG
Tue, Nov 24 2009, 11:04 GMT
Daily Trading Forecast - USD Still Waltzes to the Same Tune by Swiss e Trade AG
Tue, Nov 24 2009, 10:58 GMT
Forex Economic Analysis - Forex Technical Analysis on Majors by www.deltastock.com
Tue, Nov 24 2009, 10:14 GMT
Daily Forex News - Forex - FX Markets Drift Due to Lack of Drivers by ACM - Advanced Currency Markets
Tue, Nov 24 2009, 10:04 GMT
Technical Major Currencies Report - Technical Major Currencies Morning Report by ecPulse.com
Tue, Nov 24 2009, 09:48 GMT
Related content
UPDATE: Euro-Zone New Industrial Orders Rise For Sixth Month
Dow Jones | Tue, Nov 24 2009, 11:09 GMT
2nd UPDATE: German Data Point To Accelerating Growth
Dow Jones | Tue, Nov 24 2009, 11:08 GMT
Germany's Merkel: Short Working Hours To Be Extended
Dow Jones | Tue, Nov 24 2009, 10:55 GMT
Germany's Merkel: Near Impossible To Predict Economy's Course
Dow Jones | Tue, Nov 24 2009, 10:25 GMT
European markets open on weak note; Euro and Pound lower
FXstreet.com | Tue, Nov 24 2009, 09:54 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.