The EURUSD formed internal bar yesterday that we posted in the Forum of our Member shortly after it closed. Inside bar came out to the upside today as expected. We're not sure what the EURUSD has left in his tank of gas, you can consolidate awhile before pushing higher and trying to defy the General resistance near 1 2930, which is a pretty obvious. We see this level trendline regenerated and constant development if this pair is to test the high in July.
Note the EURUSD recently made a 50% retracement of moving from June low 1.1876 for the agosto of 1.3333 high.
USDJPY:
The USDJPY formed a bearish today bar pin in the context of decreasing dominate, this is definitely one to keep the radar as short as possible.
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Comment:
Safe usa debt declined for a third day in a row as traders saw the odds of a weakening of recession "double dip". the dollar lower ended today against most other major currencies but managed to gain modest on the Swiss franc and the Japanese yen.
The Canadian dollar and the New Zealand dollar strengthened significantly today with the euro, British pound, Australian dollar and close behind. the Franks, JPY and USD were today the weaker of the major currencies.
The Dow rose by 2.9% for the week, the S & P 500 was up 3.8% and the Nasdaq has added 3.7 percent for the week.
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