FXstreet.com

EUR/USD Daily Technical Forex

This report has been deactivated

0

0

EUR/USD Daily Technical Forex

Thu, Apr 24 2008, 08:52 GMT
by Timothy Straiton

Stoploss.ch


Current level at 10:50 CET is 1.5752, trading well below the daily pivot point of 1.5916 and also below second support at 1.5775 and thus likely to have exhausted the downside potential for today. Daily Bollinger and standard error bands are poised flat to negative while the daily MACD has remained below the zero line since the 31st of March. The first major barrier for the downside is 1.5410 which marks the daily Ichimoku cloud top, followed by 1.5360 which marks the Fibonacci 38.2 percent retracement of the recent 1.4311 - 1.6020 range. The rising 55 day moving average is now positioned at 1.5398. It would be premature to tax this move as a radical change in trend. Many similar corrective phases in the past have been limited in their duration.

Archive

Straiton & Partner  | Bahnhofstrasse 5, Postfach 643, CH-8820 Wädenswil
http://www.stoploss.ch | info@stoploss.ch

Legal disclaimer and risk disclosure

Straiton & Partner, Switzerland, its associates and subsidiaries, its employees, directors, agents, the content Providers and any other parties involved in the creation, production or delivery of trading systems and information on the Stoploss.ch site disclaim any responsibility and shall not, in any event, be liable for any damages, claims, liabilities, costs or obligations including any direct, indirect, punitive, special, incidental or consequential damages, including without limitation, loss of use, loss of data, loss of business profits, loss of opportunity, business interruption, personal injury, or any other pecuniary loss (collectively the "Damages") whatsoever and howsoever caused to the user or suffered by the user, arising out of or in connection with the use or misuse of the site or the information or with any delay or inability by the user to use the site or the information, whether any such damages arise in contract, tort, strict liability, negligence, equity or statute law or by way of any other legal theory, even if Straiton & Partner, Switzerland has been advised of the possibility of damages. Straiton & Partner, Switzerland disclaims any liability for unauthorized use or reproduction of any portion of the stoploss.ch site. If you happen to have any questions or concerns, please contact us.


Interested in forex trading? forex brokerage firms!


ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
FOREX.com
Contact the broker/FDM
Open a demo account
Interbank FX, LLC
Contact the broker/FDM
Open a demo account
MIG INVESTMENTS SA
Contact the broker/FDM
Open a demo account
FXDD
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

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.