Technical Analysis on FXone - page 4
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Daily report (MIG Bank)
2011-06-21
EUR/USD: OVERSOLD BOUNCE FROM KEY LEVEL 1.4148 (38.2% FIB).
EUR/USD has exhibited an oversold bounce from key level at 1.4148 (38.2% Fib-Jan 2011 uptrend). In Elliott Wave terms, we continue to view this move as an impulsive wave 3. Expect a strong decline, marked by weak short covering rallies.
We awaiting another sell trade setup, watching the current oversold bounce to cap gains beneath intraday resistance levels at 1.4385 or 1.4460. Bears would need to probe into support at 1.4000/1.3970 (P&F/May swing low). Beneath here accelerates into 1.3670 (61.8% Fib)... read full report
Pre US Open Analysis (FxPro)
2011-06-21
EUR/USD INTRADAY: SUPPORTED BY A RISING TREND LINE.
Pivot: 1.429
Most Likely Scenario: Long positions above 1.429 with targets @ 1.44 & 1.445 in extension.
Alternative scenario: Below 1.429 look for further downside with 1.424 & 1.418 as targets.
Comment: The pair is pulling back on its new support ahead of a rebound... read full report
Intraday Snapshot (FxPro)
2011-06-21
EUR/USD
The recovery off 1.4073 extends, to create room for more gains towards 1.4457. The probe above 1.4339 during Monday's Asian session confirms a higher low at 1.4191, and there is scope above 1.4457 for the June 14 lower high at 1.4498. To put EUR bears back in control, a push below 1.4236 is required, exposing 1.4191 and bringing the June 16 reaction low at 1.4073 back into the picture... see full article
Pre EU Open Analysis (FxPro)
2011-06-22
EUR/USD INTRADAY: THE UPSIDE PREVAILS.
Pivot: 1.4325.
Most likely Scenario: LONG positions @ 1.4335 with targets @ 1.4435 & 1.45.
Alternative scenario: The downside breakout of 1.4325 will open the way to 1.429 & 1.425.
Comment: The RSI is supported by a rising trend line, the pair remains within a bullish channel.
Trend: ST Ltd Upside; MT Range... see full article
FXone
EUR/USD: Daily Outlook (Trend Recognition)
2011-06-22
EURUSD: 1.4408
Very Short-Term Trend: weak uptrend
Outlook: As long as the prices hold abv 1.4300, there is a pattern of higher highs and higher lows on the hourly chart and further gains twd 1.4450 and 1.4500 are seen later today... read full article
Daily Forex Analysis: USDCHF (FX-insights)
2011-06-22
The USDCHF did not make any significant moves yesterday but overall still able to maintain its bearish intraday outlook after the break below 0.8460 which could reopen the door for further downside attempt possibly retesting 0.8325... read full analysis
Greek PM Surves Confidence Vote (FX-insights)
2011-06-22
The Greek prime minister survived a crucial confidence vote early Wednesday, keeping alive a government dedicated to averting a debt default that could spark a financial maelstrom around the world.
Lawmakers voted 155 to 143 along party lines to back Prime Minister George Papandreou, who now faces a critical vote next week on a massive austerity package that Greece's international creditors insist must pass by the end of June... read "PM Survives Confidence Vote"