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Forex Pub Report, November 25, 2005 |
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We might recommend looking for a break-out today, so buy on a move
above 1.1820 or sell if it dips below 1.1740. Be sure to have a
tight stop.
...and from the experts...
(www.saxobank.com) EUR/USD survived a test of lower support yesterday below 1.1780, and
remains supported in the short-term, even if the medium term picture
shows strong resistance in the 1.1870/1.1900 zone. That last area needs
to fall if we are to see a strong reversal higher - the preferred
scenario. A fall through 1.1730, on the other hand, would dash any
short-term hopes of a further rally and have us focusing on the bottom
of the range again at 1.1640 and possibly beyond.
Trading stance: buy on a move above 1.1830 or sell below 1.1730 with tight price/time stops.
(ac-markets.com) Thursday remained slow and range-bound, developing a very-short-term
trend with resistance at 1.1775, while below we should continue
falling, target 1.1690, minor support at 1.1735. While we may not fall
a great deal more today, a weekly close underneath 1.1730 is bearish
and we’d expect to advance towards 1.14 next week.
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Forex Report