EURUSD bulls are testing the resistance level at 1.4895
Thu, Nov 5 2009, 14:47 GMT
by Tomas Cedavicius
- 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.
