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Forex Pub Report, August 22, 2005 |
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On EUR/USD
Forex Pub thinks the Euro has made some corrections, temporarily, and looks to support the dollar to around 1.2100.
...and the experts say...
(Fort Knox Trading via actionforex.com) - "EURUSD might initially rise to 1.2300 level and might even break it to
challenge 1.2440 level. From there EURUSD is expected to take a dip
again towards 1.2000. Traders will look to sell at 1.2300 and at 1.2440
for 1.2000."
(Mataf.net via fxstreet.com) - "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."
(Rabobank Group Treasury via fxstreet.com)- "Last Friday the euro ended the week out of
style, instead of a continuation of the decline of the previous days
the cross traded sideways. In the hourly chart a resistance zones
around US$ 1.22 is now clearly visible. An upwards break will start the
first countertrend move visible in the daily chart after the loosing
streak of the euro last week."
(forexrate.uk.com) "Dollar kept firm as it remains buoyed by
the shift in sentiment back in its favour as the market, given the
current environment of mixed data
from across the globe which brings up no clear winners data wise, has
instead shifted its attention to a clear positive in the form of the
high yield advantage for the Greenback. Lack of any data releases led
to directionless movements with pre weekend patchy trading. But Oil
prices remain a high concern as it has pushed further up on
geo-political concerns."
(forextv.com) - Today's Trade Analysis: Euro's ST correction almost done. Now,
resistance @ 1.2255 contains, for resumption of downtrend below 1.2115
toward 1.2045, B4 up
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Forex Report