Friday November 19 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.36079 and the highest level at 1.36889, the pair trading now around the level of 1.36805.

Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.60131 and the highest level at 1.60802, the pair trading now around the level of 1.60644.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 83.308 and the highest level at 83.637 , the pair trading now around the level of 83.314.

Market Expectations

EUR/USD : Bullish signs on Stochastic indicators showing on the time frame four hours candlestick for the pair Euro against the U.S. dollar leads us expect a bullish intraday direction that will initially start with a clear breach for the level 1.36900 towards to 1.37800. These expectations require stability of the trading above the level of 1.36000.

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

GBP/USD : The pair Sterling against the U.S. dollar was able to breakthrough the resistance level at 1.59930, but the negativity of momentum indicators will pressure the pair to retest this level before continuo rising to the target of 1.62000, stability of the trading above the level of 1.59450 necessary to achieve these expectations.

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

USD/JPY : The 50 MA supports the pair U.S. dollar against Japanese Yen from below so we expect a bullish intraday direction targeting 84.200, stability of the trading above the level of 82.800 necessary to achieve these expectations.

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


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