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EUR/USD Daily Technical Forex
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EUR/USD Daily Technical Forex
Wed, Apr 16 2008, 10:28 GMT
by Timothy Straiton
Current level at 11:31 CET is 1.5899, trading above the daily pivot point level of 1.5806 and also above first resistance of 1.5861. Second resistance is close at 1.5930. Both daily and hourly time frames point to a bullish environment. Both daily and hourly Bollinger and standard error band values are poised to the upside. Pivot point related support levels are to be encountered at 1.5737 and thereafter at 1.5682. The 261.8 percent Fibonacci projection target based on the 1.1643 - 1.3668 range comes in at 1.6975 and this would be the ultimate upside target objective.
Published on Thu, Apr 17 2008, 07:46 GMT
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- EUR/USD Daily Technical Forex
Published On Thu, Jun 19 2008, 07:50 GMT - EUR/USD Daily Technical Forex
Published On Tue, Jun 17 2008, 12:05 GMT - EUR/USD Daily Technical Forex
Published On Thu, Jun 12 2008, 08:50 GMT - EUR/USD Daily Technical Forex
Published On Tue, Jun 10 2008, 06:39 GMT - EUR/USD Daily Technical Forex
Published On Thu, Jun 5 2008, 07:53 GMT
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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.
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