USD Nov. 9 – Finding Low Support

November 9, 2010 posted by Yohay
Filed under Forex News | 1 comment  

USD fall to reach a to the lower part of the QE2 range the previous continues,. To preserve the current support? Or should you expect many waterfalls? technical and fundamental social developments located here is a quick update.

Supported by the decline in the euro / US dollar

If technical

Asian session: If under 1... 39, and delete support at 1. 3830 range 1... 3950 further level both directions between 1.3830.Current on discovery: under 1. 3830, 1.37 and 1... 3637. Above 1... 3950, 1... 4030, 1. 4030, 1. 4160, 1. 4217, 1... 4280, 1. 4450, 1. 4580. 1.37 Fairly low point 1. 4030 Quite high points.

USD Foundation

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

7: 00 Pm Germany final consumer price index. Expert 0.1%. Actually + 0.1%. 7: 45 Pm France trade balance. Experts - 4 billion.15:00 United States IBD/TIPP Economic optimism. Expert 47. 8 points.15:00 United States wholesale inventories. Expert :+0.6% %.

If attitude

Major than the QE2 stronger effect commodity currencies. Ireland debt problem issue again in becoming. In yesterday's article Ireland bad that about Ireland times still echoes.Tensions upcoming weekend's g-20 Summit towards also has little chance of any agreed agenda. Currensee community: 51% long, 49% are short. These are account of actual this pair in the moment of trades positions in 1139,. Looking to escape $ community QE2 and bearish trend?

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Tags: USD technical analysis the final consumer price index, IBD/TIPP Economic optimism, trade, wholesale inventories