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Daily Technical Outlook − Monday 09.08.2008
Mon, Sep 8 2008, 06:42 GMT
by E-Forex Team
EURUSD
The Euro recovered after testing bids at 1.4200 on Friday, but the downside remains on focus while resistance into the 1.4550 region holds. The daily studies are bearish while the hourlies are slightly bullish at the time of this writing. The current decline started at 1.4420 is likely to continue towards the 1.4270 zone as gaps are usually filled. Support is seen at 1.4300 backed by 1.4270 and 1.4200. Resistance starts at 1.4420 followed by 1.4500 and 1.4550. Current quote is 1.4365 @06:40 GMT
Support levels: 1.4300, 1.4270 and 1.4200.
Resistance levels: 1.4420, 1.4500 and 1.4550.
Market sentiment: long-term : bullish, mid-term : bearish, short-term : bearish
AUDUSD
Resistance is currently seen at .8395/00 followed by .8480 and .8535. On the downside, support emerges at .8255 backed by .8190 then .8060 and .8020 lower. The short term studies are bearish while resistance at .8535 is intact. Hourly studies are bullish at the time of this report. Current quote is .8331 @06:40 GMT
Support levels: .8300, .8255 and .8190.
Resistance levels: .8395/00, .8480 and .8535.
Market sentiment: long-term : bullish, mid-term : bearish , short-term : bearish
EURCHF
Resistance at 1.6090 is back on focus and a sustained break may open 1.6250. The daily studies are still bearish while trading below 1.6090. Hourly studies are neutral at the time of this report. Support starts at 1.6035 backed by 1.5950 and 1.5915. Current quote is 1.6055 @06:40 GMT
Support levels: 1.6035, 1.5950 and 1.5915.
Resistance levels: 1.6090, 1.6160 and 1.6250.
Market sentiment: long-term : bullish, mid-term : neutral, short-term : bearish
Published on Mon, Sep 8 2008, 06:43 GMT
Archive
- Daily Technical Outlook - Monday 12.01.2008
Published On Mon, Dec 1 2008, 07:45 GMT - Daily Technical Outlook - Friday 11.28.2008
Published On Fri, Nov 28 2008, 07:46 GMT - Daily Technical Outlook - Thursday 11.27.2008
Published On Thu, Nov 27 2008, 07:44 GMT - Daily Technical Outlook - Wednesday 11.26.2008
Published On Wed, Nov 26 2008, 06:13 GMT - Daily Technical Outlook - Tuesday 11.25.2008
Published On Tue, Nov 25 2008, 07:34 GMT
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