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Forex Pub Report, August 18, 2005 |
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On EUR/USD
Forex Pub recommends supporting the dollar today, but look for opportunities for the Euro to bounc back if trading hits 1.2160.
(fxengines.com) Recommends going short on EUR/USD in both the short and medium term, but long in the long term.
Investica - "The dollar managed to push through the 1.23 level against
the Euro and, although the performance was not entirely convincing, the
dollar reached a high of 1.2260 in New York. The dollar has also pushed
through 1.2250 in Europe today, increasing the chances of further
short-term dollar gains."
Mataf.net - "EUR USD is in an downtrend directed by daily exponential
moving averages. EUR USD is in a consolidation after the last bearish
movement. The volatility is low. Bollinger bands are flat. Oscillators
are neutral. The price should continue to move in Bollinger bands."
(forexnews.com) - The US dollar rally enters its 4th day, looking for further evidence of
regional manufacturing strength to help add to its gains. With the New
York Fed’s Empire survey (released earlier this week) showing continued
strength among manufacturers in the region, the market now turns to
today’s release of the Philadelphia Fed survey for confirmation that
regional manufacturing in the US remains strong. |
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Forex Report