Opening Forex – EURUSD loses key support
April 4th, 2010
Main foreign exchange market crosses:
The Euro-Dollar gives us a surprise by overcoming the key support of 1.3435 to mark a new low last year and ten months 1.3355. Uncertainty about the bailout plan in Greece is still very negative for the single currency. His next stop bears are in the 1.3346 and 1.3301. Until we clear up doubts about Greece is difficult to put a bounce. The Euro-Yen has drilled the first two brackets that marcabamos and gone to a session low at 121.42. The loss of key support of the Euro-dollar has been dragged into this junction that we think ought to rebound with a view to the forthcoming meeting. The recent daily
candle into a hammer and the potential figure-head-shoulder shoulder invested we see on the daily chart, it could give us great joy if the stock markets permit. If you would begin to rebound upward trend until clavicular line passing through the 125.24. We believe that the long opening section should be between 122.63 and 123.02
The Euro-Swiss franc remains in free fall and now has gone to a new low at 1.4232. Recall that yesterday was drilling with minimal force in October 2008 at 1.4301. For now, it seems that the SNB has thrown in the towel when it comes to prevent appreciation of Franco.
The Euro-Libra has passed its first two stands and has stopped in a daily minimum at 0.8926. The recent volatility in the junction difficult to operational trading.
The Pound-Dollar has lost again the level of 1.50 and has gone to a session low at 1.4957. At the present time appears to be drawing a triangular shape continuity is bearish trend. Also declining is making minimum which gives more strength to the support of between 1.49 and 1.50. If markets moderate risk aversion does not rule out that the crossing head back towards the 1.5100 area and then test the 1.5200.
The Dollar-Yen has been pierced by force the resistance of 90.800 and has gone so far up to the meeting in 91.215. We take for resistance perforated area of 91 where he spent the guideline drawing bassist who came last January. A little further up between 91.500 and 92.00 passes the main guidelines bearish medium term and that is drawing since June 2007.
The Kiwi-Yen has broken the resistance of 64.05 and has gone to a session high at 64.19. We will cancel the bearish gap that opened the week. From this point should continue bouncing.
The Aussie-yen has broken the resistance of 83.130 and has gone to a session high at 83.425. We think it has more upside potential after he drew the hammer on Monday.
The Euro-Swiss franc remains in free fall and now has gone to a new low at 1.4232. Recall that yesterday was drilling with minimal force in October 2008 at 1.4301. For now, it seems that the SNB has thrown in the towel when it comes to prevent appreciation of Franco.
The Euro-Libra has passed its first two stands and has stopped in a daily minimum at 0.8926. The recent volatility in the junction difficult to operational trading.
The Pound-Dollar has lost again the level of 1.50 and has gone to a session low at 1.4957. At the present time appears to be drawing a triangular shape continuity is bearish trend. Also declining is making minimum which gives more strength to the support of between 1.49 and 1.50. If markets moderate risk aversion does not rule out that the crossing head back towards the 1.5100 area and then test the 1.5200.
The Dollar-Yen has been pierced by force the resistance of 90.800 and has gone so far up to the meeting in 91.215. We take for resistance perforated area of 91 where he spent the guideline drawing bassist who came last January. A little further up between 91.500 and 92.00 passes the main guidelines bearish medium term and that is drawing since June 2007.
The Kiwi-Yen has broken the resistance of 64.05 and has gone to a session high at 64.19. We will cancel the bearish gap that opened the week. From this point should continue bouncing.
The Aussie-yen has broken the resistance of 83.130 and has gone to a session high at 83.425. We think it has more upside potential after he drew the hammer on Monday.
Tags: Aussie, currency, Euro Dollar, EURUSD, Forex, Kiwi, Pound, Swiss Franc