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Daily Technical Outlook − Tuesday 09.30.2008
Tue, Sep 30 2008, 06:29 GMT
by E-Forex Team
EURUSD
The Euro is again under pressure, leaving the 1.45 zone behind. Support is seen at 1.4300 backed by 1.4260 and 1.4160. Resistance starts at 1.4430 followed by 1.4500 and 1.4615. Daily momentum is losing strength and may turn bearish soon if the pair Euro continues to weaken and fall below 1.4260. The hourly studies are bearish at the time of this writing. Current quote is 1.4365 @06:30 GMT
Support levels: 1.4300, 1.4260 and 1.4160.
Resistance levels: 1.4430, 1.4500 and 1.4615.
Market sentiment: long-term : bullish, mid-term : bearish, short-term : neutral
AUDUSD
Yesterday's large decline below the .8240 support confirms the end of the corrective move towards the .85 region and the downside is back on focus. The daily studies are bearish and the Aussie dollar may extend its losses towards the recent lows into the .7800 zone. Resistance emerges at .8050 followed by .8100 and .8200. Support is seen at .7980 backed by .7915 and .7800. Current quote is .8018 @06:30 GMT
Support levels: .7980, .7915 and .7800.
Resistance levels: .8050, .8100 and .8200.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish
EURCHF
The breach of the support barrier at 1.5750 is extremely bearish and the decline may extend lower towards the 1.53 region during the upcoming weeks. Resistance is now seen at 1.5750 followed by 1.5810 and 1.5860. Support starts at 1.5700 backed by 1.5660. Current quote is 1.5729 @06:30 GMT
Support levels: 1.5700, 1.5660 and 1.5600.
Resistance levels: 1.5750, 1.5810 and 1.5860.
Market sentiment: long-term : bullish, mid-term : neutral, short-term : bearish
Published on Tue, Sep 30 2008, 06:29 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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