fxcbsar Posted December 17, 2010 Share Posted December 17, 2010 Friday December 17 , 2010 Major Currencies Analysis EUR/USD http://www2.fxcbs.com/newsletter/images/EURUSD.gif We expect today a decline for the pair Euro against the U.S. dollar, determined indicators showing saturation in the purchasing process which may cause that decline to retest the main support level at 1.31750; these expectations require stability of the trading below the level of 1.33850. Support & Resistance: Pair R1 R2 R3 P S1 S2 S3 EUR/USD 1.32654 1.32887 1.33272 1.32296 1.32188 1.31955 1.31570 GBP/USD http://www2.fxcbs.com/newsletter/images/GBPUSD.gif We expect for the pair Sterling against the U.S. dollar a fluctuation between the level of 1.56560 and the level of 1.56000, determined indicators showing mixed sign, so we advice to monitor the price very well if the pair can breakthrough the level 1.55200 that will cause a decline for the target of 1.53850 but if the pair can penetrate the level of 1.58100 that will cause a bullish trend to the level of 1.61000. Support & Resistance: Pair R1 R2 R3 P S1 S2 S3 GBP/USD 1.56569 1.56830 1.57274 1.56000 1.55900 1.55774 1.55334 USD/JPY http://www2.fxcbs.com/newsletter/images/USDJPY.gif The pair U.S. dollar against the Japanese Yen still facing strong resistance around the level of 84.240 , determined indicators showing positive sign for the pair which may help the pair to breakthrough this level today to the target of 85.350. Support & Resistance: Pair R1 R2 R3 P S1 S2 S3 USD/JPY 84.060 84.223 84.480 83.790 83.750 83.600 83.340 USD/CHF http://www2.fxcbs.com/newsletter/images/USDCHF.gif We expect today for the pair U.S. dollar against the Swiss Franc a correction movement to retest the level of 0.96250 before it can continuo it’s decline again to the level 0.94470. Support & Resistance: Pair R1 R2 R3 P S1 S2 S3 USD/CHF 0.96250 0.96915 0.97338 0.96711 0.96138 0.95879 0.95456 AUD/USD http://www2.fxcbs.com/newsletter/images/AUDUSD.gif We expect that the pair Australian dollar against the U.S. dollar will rise up to retest the level of 0.99520 before it can decline again, determined indicators supporting our expectation. Support & Resistance: Pair R1 R2 R3 P S1 S2 S3 AUD/USD 0.98660 0.98958 0.99452 0.98319 0.98064 0.97766 0.97272 USD/CAD http://www2.fxcbs.com/newsletter/images/USDCAD.gif Determined indicators for the pair U.S. dollar against the Canadian dollar showing negative sign which may cause a decline to the level 0.99250 then to the level 0.98180 , these expectation require stability of the trading below the level of 1.00810. Support & Resistance: Pair R1 R2 R3 P S1 S2 S3 USD/CAD 1.00692 1.00810 1.01004 1.00550 1.00456 1.00338 1.00144 Major Currencies Analysis Newsletter Quote Link to comment Share on other sites More sharing options...
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