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Forex Pub Report, October 25, 2005 |
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Look for EUR/USD to still fall towards 1.1865 and probably extend weakness to next cluster support at 1.1759.
...and the experts say...
(www.mizuho-cb.co.uk) Looking for direction as we continue to hover around 1.2000. While
below 1.2270 allow for repeated cautious downside probes. Expect more
sharp(ish) intra-day moves around current levels today, with some small
short-covering starting at 1.2125. The Euro is fractionally oversold
and momentum has just turned bullish.
(more)
(action forex) Break above 1.2000 will shift our favor to the case that consolidation
from 1.1899 hasn't finished and short term bias will be turned upside
for retesting of 1.2201 resistance and 50% retracement of 1.2587 to
1.1899 at 1.2243 if confirmed by breaking of 1.2076 and the short term
falling trend line. (more)
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Forex Report