EURUSD - Trends, Forecasts and Implications (Part 3) - page 864

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on 3.05.

 

EUR/USD at 1.49

 

Osama's death - joy to the dollar - Fundamental View © Akmos Trade

11:03, 03.05.2011
News of Osama bin Laden's death helped the dollar gain some strength during the Asian session. However, the celebration in the street of the USD was short lived as many have realised that it could potentially mean trouble for the US in the future. Already now there is talk that al-Qaeda will start to retaliate, which will lead to a new series of terrorist attacks. Throughout the European and US sessions the USD weakened, but after the release of positive economic data it began to strengthen again.
 

While three crosses, the market is waiting, waiting for some news to grab hold of and make a sensation out of it...

 

 

euro pound 3.05.

pound/aud was stopped yesterday and today we will try to enter again.

 

3.2 05.

 
The EUR/USD opened at $1.4835 and initially managed to rise to $1.4845. However, the ensuing active selling by institutional players caused prices to fall below $1.4800 to 1.4790/70. Initially, the fall was held back at $1.4770, but after the stops were triggered, the pair continued to retrace, making a new low around $1.4755. Then prices were able to recover, the pair broke through $1.4790, but there was resistance at $1.4810, and the pair had to pull back again.
 
How long is this pound-buck fight going to last???? Gotta get at least to 1.6600!!!!
 
Important
trading levels for the Euro/Dollar pair

$1.4910 Stops
$1.4900/05 Moderate Offer Volume/$1.4903 Monday Highs
$1.4850/70 Moderate Offer Volume/$1.4845 Europe Intraday High
$1.4820/25 Moderate Offer Volume
$1.4812 Recovery Highs from $1.4755 ($1.4811 - technical level)
$1.4800 Option Expiration

$1.4790 ***Current rate

$1.4755 Intraday low Europe, Asia - $1.47711
$1.4750 Moderate bid volume
$1.4740 Large stop volume
$1.4715/00 Moderate bid volume /$1.4699 April 27 low
$1.4695/90 Stops
$1.4655/50 Moderate bid volume / Option Expiration
1...857858859860861862863864865866867868869870871...1009
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