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Daily Technical Outlook − Thursday 10.09.2008
Thu, Oct 9 2008, 06:41 GMT
by E-Forex Team
EURUSD
The resistance at 1.3740/50 is still on focus after two failed tests and a potential break may extend gains towards the 1.39 mark within the next trading sessions. Intraday studies are bullish at the time of this writing but the dailies remain highly bearish. Support starts at 1.3640 backed by 1.3550 and 1.3500. Resistance follows 1.3750 at 1.3800 and 1.3900. Current quote is 1.3695 @06:40 GMT
Support levels: 1.3640, 1.3550, 1.3500/10 and 1.3440/50.
Resistance levels: 1.3700,1.3740/50 and 1.3800.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
AUDUSD
Intraday studies are bullish and the resistance into the .6985-.7020 region is under pressure. The short term studies remain highly oversold and current pullback doesn't affect the daily studies. Support is seen at .6865 backed by .6800 and .6640. Current quote is .6948 @06:40 GMT
Support levels: .6865, .6800 and .6640.
Resistance levels: .6985, .7020 and .7140.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish
EURCHF
The downside remains under pressure while the pair trades below the 1.5660 mark. Potential rallies are expected to face offers into the 1.5570-1.5660 region. Intraday studies are bullish while the dailies are bearish. Current quote is 1.5463 @06:40 GMT
Support levels: 1.5400, 1.5335/50 and 1.5250.
Resistance levels: 1.5470, 1.5570 and 1.5650/60.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
Published on Thu, Oct 9 2008, 06:42 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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