Forex District - Technical Analysis

EUR/USD Weakens on Goldman, Greece Concern

Forex District — Mon, 19 Apr 2010 12:05:17 +0000

The Euro weakened at the start of the week as the SEC’s allegations against Goldman Sachs dampened demand for riskier currencies. The fraud allegations should only have near term reaction as global fundamentals continue to point to a firm recovery. Greece continues to be the biggest pressure on the single currency as the outlook remains [...]

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EUR/USD All Eyes on Greece (1.3400)

Juan P. Bejarano — Fri, 09 Apr 2010 11:45:22 +0000

The Euro recovered from a 1.3283 low yesterday, as ECB President Jean-Claude Trichet soothed fears of a Greek default. Trichet not only played down the likelihood of a Greek debt default, but also noted he was not completely opposed to IMF aid. EUR/USD is also getting a boost on growing speculation that assistance to Greece [...]

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AUD/USD Rises Towards 2010 high, 0.9330

Juan P. Bejarano — Fri, 09 Apr 2010 11:13:20 +0000

Trend: Weekly : Sideways Daily: Bullish Hourly: Bullish Support & Resistance: From current levels, 0.9308, the pair finds initial resistance at 0.9330, followed by 0.9410, and 0.9440. Support to watch is the 0.9300 followed by the 0.9270 level, 0.9223 and 0.9192. Strategy: The Aussie is a few pips away from reaching its 2010 high, 0.9330, [...]

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NZD/USD Limit Buy at 0.7071

Juan P. Bejarano — Fri, 09 Apr 2010 10:51:48 +0000

Trend: Weekly : Sideways Daily: Sideways Hourly: Bullish Support & Resistance: From current levels, 0.7125, the pair finds initial resistance at 0.7140, followed by 0.7170, and 0.7230. Key support to watch is the 0.7100 followed by 0.7069 level, 0.7000 and 0.6970. Strategy: Near term bias is tilted to the upside. Look to buy on dips [...]

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