niedziela, 14 listopada 2010

Forex Trade Setups Commentary: EURUSD Update, 21st Ocotober 2010

The EURUSD pushed higher in the early stages of the trading session today, but couldn't sustain itself above 1.4000. Price quickly dismissed lower back into this area of resistance and closed the day around 1.3920.

We can see in the chart below today's downward refusal candle formed a break false high near resistance recently about 1.4000, lower price continue to remain below this level. support next approaching low starting this week about 1.3700.

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Comment:

The dollar strengthened today, the euro rose to $ 1.4050 against the dollar soon in session, but during the day it was up to $ 1 3820.

The Japanese Yen closed today stronger against other Majors with the exception of a slight loss in the surging dollar neutral.

The Dow has added 38.60 points or 0.35%, S & P 500 add points 2.09, or 0.18% and the Nasdaq acquired 2,28 points or 0.09%.

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