Bank Recomendations
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TECHNICALS−Euro eyes $1.2706 − UBS
Thu, Feb 5 2009, 11:02 GMT
by Benny Menashe
Finotec Group Inc.
UBS
EUR/USD: "EURUSD eyes $1.2706. Vulnerable beneath $1.3071, with focus on $1.2707."
USD/JPY: "While 91.30 yen holds, our focus remains on support at 87.99 yen ahead of the 87.13 trend low. Initial resistance at 90.75."
USD/CHF: "Pivotal 1.1315 franc support holds, keeping bullish pattern alive - targeting 1.1685 and 1.1715."
EUR/GBP: "Bearish near-term below 90.84 pence, targeting 87.88."
GBP/USD: "Constructive near-term above $1.4052, with our focus on $1.4660, the 61.8 percent retracement."
EUR/JPY: "Heavy near-term below 117.02 yen, with focus on 113.15 then 112.10."
EUR/CHF: "Immediate heavy tone dominates below 1.4993 franc, with loss of 1.4811 likely to expose 1.4734 then 1.4653."
Published on
Thu, Feb 5 2009, 11:04 GMT
Archive
- Near-term positive above $1.6266, focus remains on renewed gains
Published On Mon, Aug 3 2009, 10:45 GMT
- We cannot rule out a return to 93.55/93.85 yen, or at most to the 94.65/90 resistance area
Published On Mon, Jul 13 2009, 12:49 GMT
- Looking for direction while trading above an increasingly large, upward-sloping Ichimoku 'cloud'
Published On Tue, Jul 7 2009, 08:40 GMT
- The up-thrust top should within a few sessions start to deliver further downside pressure
Published On Thu, Jul 2 2009, 10:46 GMT
- Consolidating in a 'triangle/pennant' formation at the lower edge of a large Ichimoku 'cloud'
Published On Mon, Jun 29 2009, 10:40 GMT
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