Robert
11-17-2011, 04:45 PM
Welcome to your favorite News Channel. This is just in:
By Joel Kruger, Technical Strategist Euro eyes retest of 1.3145 USD/JPY holding tight by the bottom of Ichimoku Cable seen lower towards October lows Aussie on the verge of establishing back below parity
EUR/USD: The latest break below 1.3480 should now open a fresh downside extension which ultimately exposes a retest of the key lows from October at 1.3145. Look for any rallies to be well capped below 1.3700, while ultimately, only back above 1.3870 would negate outlook. Once 1.3145 is taken out, it will negate the corrective October price action and should result in a more aggressive bout of selling into the 1.2000’s. We continue to project weakness over the coming weeks into the lower 1.2000’s as per the monthly chart. ...
Click here to Read More... (http://www.thestreet.com/story/11313814/1/technical-outlook-for-all-major-currencies-and-cross-rates.html?cm_ven=RSSFeed )
By Joel Kruger, Technical Strategist Euro eyes retest of 1.3145 USD/JPY holding tight by the bottom of Ichimoku Cable seen lower towards October lows Aussie on the verge of establishing back below parity
EUR/USD: The latest break below 1.3480 should now open a fresh downside extension which ultimately exposes a retest of the key lows from October at 1.3145. Look for any rallies to be well capped below 1.3700, while ultimately, only back above 1.3870 would negate outlook. Once 1.3145 is taken out, it will negate the corrective October price action and should result in a more aggressive bout of selling into the 1.2000’s. We continue to project weakness over the coming weeks into the lower 1.2000’s as per the monthly chart. ...
Click here to Read More... (http://www.thestreet.com/story/11313814/1/technical-outlook-for-all-major-currencies-and-cross-rates.html?cm_ven=RSSFeed )