Daily Technical Analysis

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EUR: Possibly attempt small longs at 1.4380; stop below 1.4195
Tue, Sep 30 2008, 07:09 GMT
by Nicole Elliott
Mizuho Corporate Bank
EUR
Comment: Trying to stabilise at the 50% retracement level and should dither here again today.
Strategy: Possibly attempt small longs at 1.4380; stop below 1.4195. Short term target 1.4550, then 1.4700.
EUR/JPY
Comment: Collapsing and re-testing key long term support. Expect some hesitation today and a move a lot lower later next month.
Strategy: Sell at 150.00, adding to 152.00; stop above 154.05. Short term target 149.00, then 147.50/147.00.
GBP
Comment: Trying to steady itself against 1.8000. Prices will probably hold very nervously roughly between 1.7800 and 1.8500 this week and maybe for the next three.
Strategy: Possibly attempt small longs at 1.8000; stop below 1.7900. Short term target 1.8200, maybe 1.8400.
JPY
Comment: Re-testing recent lows where a sustained break below 103.50 should really set things going South. Maybe not today, but look carefully at monthly and quarterly charts tomorrow morning, for important breaks.
Strategy: Sell at 104.40 but only if prepared to add to 105.50; stop above 107.10. Short term target 103.50, then 102.50.
Published on
Tue, Sep 30 2008, 07:14 GMT
Archive
- EUR: Attempt longs at 1.4930; stop below 1.4800
Published On Mon, Nov 23 2009, 07:13 GMT
- EUR: Attempt small longs at 1.4915; stop below 1.4800
Published On Fri, Nov 20 2009, 07:30 GMT
- EUR: Attempt small longs at 1.4915; stop below 1.4800
Published On Thu, Nov 19 2009, 07:40 GMT
- EUR: Attempt small longs at 1.4900; stop below 1.4800
Published On Wed, Nov 18 2009, 07:26 GMT
- EUR: Attempt small longs at 1.4960; stop below 1.4800
Published On Tue, Nov 17 2009, 07:28 GMT
[ View All ]
Mizuho Corporate Bank
| 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk
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