EURUSD - Trends, Forecasts and Implications (Part 1) - page 894
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as the turkey of the dollar's strength timidly suggests its weakness...
imho
The EUR check will be at 1.4350.
In my opinion from there we will go to 1.3800
My view on GBPUSD (H1) is basic:
Alternative scenario: Decline by the size of the pullback and further gains
EURUSD forecast by Box Jenkins on 26.01.2010:
USD strengthening
Published 09:38 26.01.2010
Hello!
Activity in the FOREX remains low. The EUR/USD yesterday stabilised in the middle of the daily range of 1.4127-1.4191. Today in the Asian session the price went down, as I had anticipated few days before. The expected level is 1.4040/1.4030, after which the pair in my opinion will start a medium-term rise to 1.44 and higher.
Some support for the dollar was provided by the expectations that the current Fed Chairman Ben Bernanke will be confirmed for a second term. The attention of the players is concentrated on the outcome of the regular meeting of the US Federal Open Market Committee and also on the fundamental data, which will be released on Friday.
The pound/dollar pair gained over 160 points yesterday. The Pound was supported by the anticipation of a major takeover deal by US company Kraft Foods of British giant Cadburry. From a technical point of view, however, the pair is expected to decline. A lot of option expectations are at 1.6060/1.60. But in order to reach them, the support at 1.62 must be broken.
The AUDUSD is trading in a range of 0.90 to 0.9050. The level of 0.89 is no longer only a buyers' level, therefore its breakdown becomes more probable.
Have a nice day!
MFX FIBO Group analyst Mikael Nersesov