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Forex Pub Report, October 12, 2005 |
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The dollar will continue to strengthen against the Eruo now that it's
hit the 1.2000 level. Expect EUR/USD to test 1.1900...
...and the experts say...
(saxobank) USD rally may have a little way to go, but we're
looking for resistance soon. 1.2000 and then 1.1900 the key focus for
EUR/USD.
(more)
(AC-Markets) Unable to hold key support at 1.2070, the pair has dropped to
1.2000/10, which is the 62% retracement of last weeks push up and the
last major support level ahead of long-term support 1.1885. In the
short-term we will buy Euro for a small move up, initial resistance
1.2040, strong at 1.2070, only a daily closure above that will ward off
a try to the downside next. Risk on the downside is a break of the
1.2000 pivot, subsequently falling to 1.1885 and more.
(more)
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Forex Report