Tuesday November 30 , 2010

Previous session overview
The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.30760 and the highest level at 1.31503, the pair trading now around the level of 1.30930.

Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.55241 and the highest level at 1.55729, the pair trading now around the level of 1.55525.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 83.962 and the highest level at 84.308 , the pair trading now around the level of 83.987.

Market Expectations

EUR/USD : We advice our clients to take care during the trade today after the reaching to the critical support point at 1.30630, we still can see tow ways for the pair Euro against the U.S. dollar the first way we can see that the determined indicators showing saturation in the selling process which may cause an up trend for the level 1.33450 this way need penetration for the level 1.32850 and a daily close above it , the second way which we can see that the price level stable below the level (M.A 50)which may push the pair to down to the level 1.29190 this expectation require stability below the level of 1.30630, so we advice to monitor the price very well .

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

GBP/USD : The pair Sterling against the U.S. dollar continued its bearish pressure to the level 1.55241, we expect today that the pair will down to the level of 1.54000 , but these expectations require stability of the trading below the level of 1.56000.

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 84.600, stability of the trading above the level of 83.800 necessary to achieve these expectations.

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


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