| Daily Forex Technicals | Written by FXTechstrategy | Sep 22 09 12:07 GMT | | |
| EURUSD: A two-day recovery ended in another break higher in early trading today pushing EUR further higher to the 1.4797 level at the time of this analysis. This is coming on the back of a hammer formation on Monday and with fresh upside offensives seen, the 1.4875 level, representing its Sept 21'09 high will now be targeted ahead of its psycho level at 1.5000. On the downside, weakness if seen will trigger declines towards the 1.4736/19 level, its Sept 16'09/Dec 18'08 highs ahead of the 1.4634 level, its Sept 11'09 high with a break and hold below there creating scope for further pressure towards the 1.4446 level, its Aug 09 high. This level is of significance in the pair's current run to the upside, as it is expected to reverse roles and provide support. On the whole, having continued to print higher level prices, EUR remains poised to target additional upside gains towards the 1.4875 level. Support Comments
Resistance Comments
Mohammed Isah This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are the author's own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which the author incur any responsibility. The does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report | |
Tuesday, September 22, 2009
EURUSD: New Fresh High Puts The 1.4875 Level Under Pressure
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment