Daily DXY Roundup

This report has been deactivated

EUR/USD tests channel midpoint

Thu, Nov 5 2009, 18:59 GMT
by Peter Ruud - Informa Global Markets | View company's profile

Vote:

Vote up:3
Vote down:0

The EUR/USD found support near the 50-day MA, forming the base of a 3-month bullish channel. The 40 level on RSI provided support once again, allowing a test of the bull channel's midpoint near the 1.49 handle. A failure here could provide an opportunity to retest the 50-day MA & channel support at 1.4655/85. Clearance suggests a retest of recent highs made in October.

Published On Thu, Nov 5 2009, 19:01 GMT

About this Report

Informa Global Markets

http://www.informagm.com

sales@informagm.com

More Reports from this Contributor

Archive

Older Posts:

Advertisement

Legal disclaimer and risk disclosure

Informa Global Markets obtains information for its analysis from sources it considers reliable, but does not guarantee the accuracy or completeness of its analysis or any information contained therein. Informa Global Markets and its affiliates make no representation or warranty, either express or implied, with respect to the information or analysis supplied herein, including without limitation the implied warranties of fitness for a particular purpose and merchantability, and each specifically disclaims any such warranty. In no event shall Informa Global Markets or its affiliates be liable to clients for any decision made or action taken by the client in reliance upon the information or analyses contained herein, for delays or interruptions in delivery for any reason, or loss of business revenues, lost profits or any indirect, consequential, special or incidental damages, whether in contract, tort or otherwise, even if advised of the possibility of such damages. This material is intended solely for the private use of Informa Global Markets clients, and any unauthorised use, duplication or disclosure is prohibited. This material is not a comprehensive evaluation of the industry, the companies or the securities mentioned, and does not constitute an offer or a solicitation of an offer or a recommendation to buy or sell securities. All expressions of opinion are subject to change without notice.

Traders Tools

Forex Studies

Monitor the markets with our customizable FX studies.

Economic Calendar

Live economic events calendar

more tools

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

*GFT is a sponsor of FXstreet.com for advertisement purposes only. GFT does not endorse any other products, services, or companies represented on FXstreet.com. The views of FXstreet.com and all other parties contained therein are not necessarily those of GFT, and GFT makes no warranty as to the accuracy of information provided.
©2012 "FXstreet.com. The Forex Market" All Rights Reserved.

Daily DXY Roundup

EUR/USD tests channel midpoint

About this Report

Archive

Legal disclaimer and risk disclosure

Related Content

Most Popular Content

Traders Tools

Interested in forex trading?

Rates & Charts

News

Webinars

Education

Technical

Fundamental

Other

Full Sitemap

Stay Connected