USD 10-12 – after losing support further falls

Posted by Yohay 10 / 12 / 2010
Filed under Forex News | 1 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: session between 1... 3850 1.39.Current range 1.38 both direcstions 1.3850.Further level between quiet: under 1. 38, 1... 6,358, 1... 3650, 1... 3560, 1.35, 1... 3430. 1... 40 1.42 And 1... 4450. Lost the broad trend: 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. That support yesterday was.

USD Foundation

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

18: 00 Pm Germany final consumer price index. exp. Contribution %. Contribution % actual. 14: 00 United States IBD/TIPP Economic optimism. Expert 46.7 points.15:45 speaks.16:20 United States FOMC Member talks Thomas weeding ECB President Jean-Claude Trichet. 18: 00 US FOMC meeting announcement minutes.

If attitude

Debt problems went away, but ignoring the market. On the other hand there is a possibility to change this, this week, dollar, euro, United States yet only quantitative easing short time.The will weaken the downgrade of the weight of the second round inevitable Ireland injuries QE size, current situation and specifically vary by a disappointing job Friday. Provides a hint about the meeting minutes, QE2. 300 Billion of extreme short position reached $. This extreme level, everyone is shorter when-or left to sell the person in question. At the beginning already to recover $. 'S loss is uptrend channel, an important symbol. Currensee community: 54% are long, 46% are short, yesterday 52: 48 from slightly higher. These 1127, position is account of actual this pair in the moment of trades.

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Tags: USD technical analysis, consumer price index last FOMC meeting minutes, IBD/TIPP Economic optimism, Jean-Claude Trichet weeding Thomas