Tuesday March 30 , 2010

Previous session overview

The euro dollar pair has risen in the Asian session recording a high of 1.35282 and a low of 1.34700, having the union currency trading around 1.35212.

The pound dollar pair recorded a low of 1.49739 and a high of 1.50556, having the royal currency trading around 1.50435.

Finally, the dollar yen pair is consolidating between a high of 92.639 and a low of 92.124, while the pair is currently trading around 92.610.

Market Expectations

:Stochastic appears saturated in the procurement process for the pair euro against the U.S. dollar, we expect that the pair will senses the level of resistance and 1.35400, which exists near the moving average 100, and then turn down towards to achieve a goals of 1.34400 and then 1.33500.

:Today, we expect a decline for a couple of sterling against the U.S. dollar to the goals of 1.49350 and then to the level of 1.48250, determined indicators are close to saturation in the procurement process, the stability of trading below 1.51000 is necessary to achieve our expectations .

:Stochastic entering oversold areas so we expect a bullish direction over an intraday basis heading towards 93.30 then 94.00. The breach of 91.50 will weaken chances of achieving bullish expectations for today.

Senior Analyst / Ali Hasan /FXCBS


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