ANALYSE TECHNIQUE FOREX
Major
Currency
Pairs
September
3,
2010
Current level - 1.2821
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009).
Technical indicators are descending, and trading is situated below the
50-
and 200-Day SMA, currently projected at 1.3458 and
1.4206.
The bias here is still positive for 1.2920 and the pair is well bid at
1.2780. Only a break below 1.27+ will mark an earlier reversal for the
expected sell-off towards 1.2475.
| resistance |
| intraday |
intraweek |
| 1.2854 |
1.2920 |
| 1.2920 |
1.3335 |
|
| support |
| intraday |
intraweek |
| 1.2780 |
1.2470 |
| 1.2662 |
1.2150 |
|
September
3,
2010
Current level - 84.11
The pair is in a broad consolidation
above 84.78 short-term low.
Trading is situated below the 50- and 200-day SMA, currently
projected at 92.60 and 91.06.
The consolidation above 83.59 is still on the run, so one more leg
upwards is to be expected, towards 85.90 high, before reversal for
82.50. Crucial on the downside is 83.59 low.
| resistance |
| intraday |
intraweek |
| 84.60 |
88.10 |
| 86.50 |
93.50 |
|
| support |
| intraday |
intraweek |
| 83.98 |
82.50 |
| 83.59 |
79.60 |
|
September
3,
2010
Current level - 1.5424
The pair is in an uptrend after bottoming at 1.4226. Trading is
situated above the 50- and 200-day SMA, currently projected at 1.4986
and 1.5539.
The intraday bias is positive for 1.5470-90, but on the 4h. frame the
downtrend is intact, so a break below 1.5324 should be expected,
towards 1.5118 main target. Important intraday support is seen at
1.5403.
| resistance |
| intraday |
intraweek |
| 1.5490 |
1.5712 |
| 1.5576 |
1.6000 |
|
| support |
| intraday |
intraweek |
| 1.5403 |
1.5118 |
1.5330
|
1.4810 |
|