Technical Analysis 15/02/10 of FXCBS

This is Technical analysis daily provided by specialists and analysts from FXCBS

Monday February 15 , 2010

Previous session overview

The euro dollar pair recorded a low of 1.35788 and a high of 1.36304, having the union currency trading around 1.36121.

Regarding the pound dollar pair, it recorded a low of 1.56119 and a high of 1.56800, having the royal currency trading around 1.56573.

Finally, the dollar yen pair it is consolidating between 90.230 levels and 89.970 levels, recording a high of 90.227 and a low of 89.977.

Market Expectations

EUR/USD :
Determined Indicators support our expectations for a rise to the pair Euro against the U.S. dollar and we expect to complete a corrective movement that began last week to reach the level of 1.38500 this expectation requires constant trading above the level of 1.35250.

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

GBP/USD :
Determined indicators showing positive signs of reaction for the pair sterling against the U.S. dollar supported the possibility of a corrective movement for the pair , beginning hacked resistance level at 1.57650 which is meets with the level of 23.2% Fibonacci, and we expect the pair to touch the level of 1.59250.

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

USD/JPY :
Determined indicators showing positive signs of reaction for a couple of sterling against the U.S. dollar supported the possibility of a corrective movement for a couple, beginning hacked resistance level at 1.57650 which is meets with the level of 23.2% Fibonacci, and we expect to reach this patch to touch the level of 1.59250.

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

Senior Analyst / Ali Hasan /FXCBS

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