Technical Analysis 26/03/2010 of FXCBS

Friday March 26 , 2010

Previous session overview

The euro dollar pair inclined slightly recording a high of 1.33581 and a low of 1.32670, having the union currency trading around 1.33544.

Regarding the pound dollar pair, inclined slightly to record a high of 1.48928 and a low of 1.48044, while it is currently trading around 1.48267.

Finally, the dollar yen pair is consolidating between a high of 92.772 and a low of 92.396, while the pair is currently fluctuating around 92.621.

Market Expectations

EUR/USD :Today we are waiting an up correction movement for the pair Euro against U.S. dollar; this is reflected through indicators determined, but the general trend for the pair still downward, which aims to correct the level of 76.4% Fibonacci at the level of 1.31000

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

GBP/USD :We expect today an up corrective movement for the pair sterling against U.S. dollar to get rid of saturation in the large sales but we still reserve our expectations, the general downward trend for the pair, Continued trading below 1.49350 confirms our expectations.

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

USD/JPY :We expect more bullish movement for the pair, there is a high saturation in the procurement process, this makes us maintain witnessing some bearish corrections; however, any bearish correction does not surpass 91.720.

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

Senior Analyst / Ali Hasan /FXCBS

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