02-24-2010, 09:21 AM
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Senior Member
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Join Date: Dec 2009
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Technical Analysis 24/02/10 of FXCBS
This is Technical analysis daily provided by specialists and analysts In FXCBS
Wednesday February 24 , 2010
Previous session overview
The euro dollar pair recorded a high of 1.35509 and a low of 1.35018, having the union currency trading around 1.35320.
The pound dollar pair consolidated in the Asian session, the pair recorded a high of 1.54640 and a low of 1.54178.
The dollar yen pair recorded a low of 90.092 and a high of 90.355, while the pair is currently trading around 90.229.
Market Expectations
EUR/USD :
We expect today a decline for the pair Euro against U.S dollar to achieve anew target at the level 1.33800, this decline will start after breakthrough the support level at 1.34840 , and these expectations require stability of trading below 1.35850.
GBP/USD :
The pair Sterling against U.S dollar still fluctuates near the resistance level at 1.54450; we must wait closing for the four hours candle below this level to say that the pair will decline to achieve new goals at 1.53120 and 1.52000.
USD/JPY :
we expect a bearish intraday trend; targeting 89.500 then 88.920. Keep in mind that the breach of 90.650 weakens the expected bearish direction.
Senior Analyst / Ali Hasan /FXCBS
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