Deltastock Daily Fx Analysis - Forex Forum

Welcome Guest ( Log In | Register )

 
> Deltastock Daily Fx Analysis, October 5, 2009
Stoyan Mihaylov
post Oct 5 2009, 12:51
Post


October 5, 2009
Current level-1.4624

EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523.

As expected, Friday's minor consolidation was limited below 1.4586 and the pair dipped down to 1.4478 in attempt to test 1.4444 major support. A minor bottom is confirmed to be set at 1.4478 and with a break above 1.4675, the recent low will be the final of the 1.4842-4478 slide. Intraday bias is positive for 1.4724, well supported above 1.4570.

Full Article

Reply to this topic
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:

 

> Similar Topics

    Topic Title Replies Topic Starter Views Last Action
No New Posts   0 Ulysse 2,516 12th October 2005 - 12:54
Last post by: Ulysse
No new   123 surfeuse 28,627 21st April 2006 - 10:52
Last post by: surfeuse
No New Posts   1 Soltrade 1,990 8th November 2005 - 14:08
Last post by: GERAR279
No New Posts   0 neuralforex_1 7,020 31st January 2006 - 9:21
Last post by: neuralforex_1
No New Posts   7 Saxo Banque 3,144 16th August 2006 - 11:03
Last post by: pime38


Lo-Fi Version: Deltastock Daily Fx Analysis - Forex Forum
Powered By IP.Board © 2009  IPS, Inc.