Technical Analysis 15/06/2010 FXCBS

Tuesday June 15 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asian session in a narrow range between the lowest price at 1.21959 and the highest price at 1.22324, the pair is currently trading around the levels of 1.22115.

The pair Sterling against the U.S. dollar also traded in a narrow range during the Asian session between the lowest level at 1.47296 and the highest level at 1.47677, the pair is currently trading around the levels of 1.47389

Finally the pair U.S. dollar against the Japanese Yen , traded in a narrow range during the Asian session between the highest level at 91.691 and the lowest level at 91.410 , the pair is currently trading around the levels of 91.575.

Market Expectations

EUR/USD :etermined indicators for the pair Euro against the U.S. dollar Close to saturation in selling, so we expect a bullish trend today to the target of 1.23190 then to the level of 1.24035, stability of trading above the level of 1.21110 is necessary to achieve these expectations.

http://www.fxcbs.com/newsletter/images/EURUSD.gif


GBP/USD :Today, we expect some volatility for the pair sterling against the U.S. dollar around the resistance level at 1.47700 , we advice to monitor this level cause if the pair can penetrate this level it will ascend more , these expectations require stability of trading above the level of 1.46040.

http://www.fxcbs.com/newsletter/images/GBPUSD.gif


USD/JPY :The moving average 50 still strong resistance for the pair U.S. dollar against the Japanese Yen , we expect today a bullish trend support from positive sign which show through stochastic indicator , the target will be at 93.250 , stability of trading above the level of 91.000 necessary to achieve these expectations .


http://www.fxcbs.com/newsletter/images/USDJPY.gif


Senior Analyst / Ali Hasan /FXCBS

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