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Feb 08, 2012 11:54PM GMT
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EURO/USD Daily Analysis - Evening Session - GMT
By | Forex Technical Analysis | Aug 26, 2008 12:00AM GMT
Rate falls into stops layered close in and accelerates on thinner volumes. Low prints from active selling at 1.4570; rate makes a six-month low and traders report profit-taking bids. Oil retreats also helping to pressure rate, this is a buying opp in my view but we need to wait 24 hours. Traders suggesting that the rate is vulnerable to a short squeeze. Market is heavily short now so expect a rally. Aggressive traders can continue buying this dip for a return to resistance. Rate continues to track Cable and vice-versa. Now that stops are cleared a rotation higher is coming. US data this week likely to be unfriendly so be ready for whipsaw.
Data due Wednesday: All times EASTERN (-4 GMT)
2:00am EUR German Import Prices m/m
All Day EUR German Prelim CPI m/m
EURO/USD Daily
Resistance 3: 1.4880/1.4900
Resistance 2: 1.4800
Resistance 1: 1.4760
Latest New York: 1.4595
Support 1: 1.4570
Support 2: 1.4550
Support 3: 1.4520/30
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
CFDs Quotes
| SPX 500 Futures | 1344.45 | -2.80 | -0.21% | |||
| NQ 100 Futures | 2539.90 | -5.70 | -0.22% | |||
| US 30 | 12883.95 | +5.75 | +0.04% | |||
| DAX | 6748.76 | -5.44 | -0.08% | |||
| UK 100 | 5872.76 | -17.50 | -0.30% | |||
| Japan 225 | 9015.59 | +98.07 | +1.10% | |||
| US Dollar Index | 78.69 | -0.03 | -0.04% |
CFDs Quotes
| Gold | 1734.45 | -1.40 | -0.08% | |||
| Silver | 33.920 | -0.043 | -0.13% | |||
| Copper | 3.900 | +0.000 | +0.00% | |||
| Crude Oil | 98.97 | -0.04 | -0.04% | |||
| Natural Gas | 2.461 | +0.026 | +1.07% | |||
| US Cotton No.2 | 93.63 | -0.94 | -1.00% | |||
| US Coffee C | 220.82 | +1.07 | +0.49% |
CFDs Quotes
| Euro Bund | 137.72 | -0.30 | -0.22% | |||
| Italian Govt. B. | 102.25 | -0.48 | -0.46% | |||
| Euro BOBL | 124.73 | -0.09 | -0.07% | |||
| UK Gilt | 115.03 | +0.18 | +0.16% | |||
| US 2 YR T-Note | 110.30 | -0.02 | -0.02% | |||
| US 10 YR T-Note | 131.09 | +0.06 | +0.05% | |||
| US 30 YR T-Bond | 142.18 | +0.07 | +0.05% |
| Name | Price | Chg. | Chg. % | ||
|---|---|---|---|---|---|
| Comfortdelgro c. | 1.46 | 0.01 | 0.34% | ||
| TAN | 3.48 | 0.16 | 4.82% | ||
| Arcelormittal s. | 6696.50 | 66.50 | 1.00% | ||
| Singapore techn. | 2.99 | 0.01 | 0.34% | ||
| Magyar telekom | 535.50 | -1.00 | -0.19% | ||
| Aberforth Small. | 604.00 | -4.00 | -0.66% | ||
| Alliance Trust . | 365.00 | 1.80 | 0.50% | ||
| IYR | 61.71 | 0.04 | 0.06% | ||
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