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Technical analysis >  FOREX COMMENTARY 11.08.2004
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*profi-forex*



Joined: 10 Apr 1980
Posts: 0

PostPosted: Wed Aug 11, 2004 11:31 am    Post subject: quote

11.08.2004 (3:26am US Time)

USD/JPY (CURRENT LEVEL 111.26) – AS WE EXPECT YESTERDAY USD TESTED 111.30/40 REGION. BREAKINGTHROUGH THIS REGION WILL OPEN THE WAY TO RISE TO 111.70 AND EVEN 112.45 REGION. NOW WE HAVE SUPPORT AT 110.70.

EUR/USD (CURRENT LEVEL 1.2235) – BEFORE FED DECISON EUR TESTED 1.2315 REGION. BUY AFTER THIS COMMUNICATE ABOUT RATE ( RISE BY 25P EUR FALL BY 100 PIPS. BUT SUPPORT AT 1.2200/15 HOLD (WE MENTIONED ABOUT THIS SUPPORT YESTERDAY). TODAY RANGE 1.2200 – 1.2300.

USD/CHF (CURRENT LEVEL 1.2596) – AFTER FED DECISION USD FORTIFY BY 100 PIPS AND TESTED 1.2630 REGION. RESISTANCE 1.2630/50, SUPPORT 1.2530/50.

GBP/USD (CURRENT LEVEL 1.8275) – SUPPORT 1.8245 AND 1.8200,RESISTANCE 1.8350/80.
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