Under 1.40 integrated USD 10 / 11-

October 11, 2010 posted by Yohay
Filed under forex news | leave a comment

USD per week less than 1.40, consolidating again support for increasing trend towards drifting started. In this quiet, ???? is the bottom line is? Technical and fundamental social trends is a quick update here.

USD 1.40 under

If technical

Asian session: weekend of gap to high starting after USD 1.3950.Current mountains around 1.3950.Further level in both direcstions 1. 3850 between Xian: under 1. 3850, 1.38, 1... 6,358, 1... 3650, 1... 3560, 1.35, 1... 3430. 1... 40 1.42 And 1... 4450. Close across channels tend to obtain again: Keynote launched on September 8, resistance and increasing support 13 September. A rapid rise in trading integration in some time after the time characteristics. Note that increasing support line has been changed slightly. Channel at the current level to reach tomorrow 9: 00 pm GMT.

USD Foundation

All the time is GMT. Emphasized the most important events.

6: 45 Pm's France industry index. Expert trickles %. Actual 0%. 17: 30 ECB President Jean Claude Trichet speaks.18:45 United States FOMC Member Janet Yellen speak.

If attitude

Debt problems went away, but ignoring the market. On the other hand there is a possibility to change this, this week is weak, the euro dollar, United States yet only quantitative easing short time.The second round inevitable weight, downgrade Ireland injuries are QE size, current situation and specifically vary by a disappointing job Friday. 300 Billion of extreme short position reached $. This extreme level, everyone is shorter when-or left to sell the person in question. We have $ reversal in. Columbus Day today – apart from the sparse calendar, in the United States thin volume. Must close watched trend channel. Currensee community: 52% are long, 48% are short. These 1084, position is account of actual this pair in the moment of trades.

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Tags: USD technical analysis, industrial production, Janet Yellen, Jean-Claude Trichet