|
Forex Pub Report, October 2, 2005 |
|
The Euro is will start the week off flirting with 1.2000 but
should hit its stride in the coming days. Expect it to run up to
1.2440 or so by the end of the week.
...and the experts say...
(I-knowindices.com) EURO will be weak initially around 1.2025 level due to less USD demand,
towards mid-week it is expected to become firm to the level of 1.2267
and by week end is expected to become very firm to the level 1.2445.
Wide-range swings are expected with high intra-day volatility Good time
to do strategic swing trades. Buy during correction and cover during
rise.
Support and Resistant Levels -Resistance at 1.2267 / 1.2387 / 1.2445 support at 1.2025 / 1.2012 / 1.1978 levels.(more)
(ActionForex) On the upside, break above 1.2119/23 resistance will indicate the whole
fall from 1.2582 has possibly finished and opens up a few short term
bullish scenarios. But in any case, EUR/USD should head towards next
cluster resistance at 1.2269 (50% retracement of 1.2582 to 1.1976 at
1.2279) first. (more)
|
|
|
Forex Report