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EURUSD bulls are testing the resistance level at 1.4895

Thu, Nov 5 2009, 14:47 GMT
by Tomas Cedavicius

Investija.com


Investija.com

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  • EURUSD Consolidation around resistance level, according to previous movement, possible rebound can occur back to support.
  • GBPUSD Bulls did try to break resistance, but bears suddenly overcome bulls side. However, bulls still controls the situation.
  • NZDUSD Narrow movements, boring situation. Waiting is better option.
  • USDCHF Bears concentration around support level, stronger movements downside are expected after a breakout.
  • USDCAD Since morning, situation hardly changed. Bulls are still showing that they have enough power, but they will get more confidence only above resistance.
  • USDJPY Despite the positive jumps, bears are in good shape and just above resistance bears would be in danger zone.


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