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EUR/USD Daily Technical Forex
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EUR/USD Daily Technical Forex
Wed, Apr 23 2008, 09:14 GMT
by Timothy Straiton
Current level at 11:13 CET is 1.5964, trading above the daily pivot point level of 1.5951. Hourly Bollinger and standard error bands are poised slightly to the downside. The daily picture remains bullish although falling ADX values reflect the lacklustre mood of this market which appears to be edging its way to the upside in an unspectacular manner, having remained constantly 9 percent above its 200 day moving average for 4 weeks in a row. Attacks to the downside will meet with support at the daily Ichimoku cloud which is encapsuled within the 1.5133 - 1 5405 range. Pivot point related support levels for today are at 1.5881 and then 1.5765. Resistance levels are at 1.6067 and then 1.6135.
Published on Wed, Apr 23 2008, 09:15 GMT
Archive
- 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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