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Forex analysis, Sept 30th European session

Posted 09-30-2008 at 02:07 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,4369. EUR USD broke 1,4540 support. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The consolidation should continue. The price should find a support above 1,4300. If the support is broken then the target will be 1,4050 (320 pips). We are waiting for a break of support to take a short position.
Resistances
1,4410 - 1,4540
Supports
1,4300 - 1,4150
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Forex analysis, Oct 1st European session

Posted 10-01-2008 at 01:45 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,4089. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,3900 support. => We could take a short position at 1,4085. We will put the stop loss above 1,4160 (-75 pips). The targets are 1,3950 (+135 pips) 1,3900 (+185 pips) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,4140 - 1,4300
Supports
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DAILY ANALYSIS FOR EURUSD

Posted 10-01-2008 at 09:50 PM by FX-Forecaster.com (The Daily Forecaster)
Bias: The 1.3955 area looks important along with 1.3880-20 and only below suggests sustained losses

Yesterday saw a low at 1.3975 but has broken down this morning to threaten the 1.3955 target. The shape of the decline may mean we see this edge further into the 1.3880-1.3920 support area that should initially provide support. Thus hold of from any aggressive selling unless the 1.3880 low is broken. If seen then we should see follow-through to 1.3829 minimum - take there also - followed by projections at 1.3802 and 1.3748. If this is broken then losses could be quite sustained.

For full analysis please open today's full report in PDF format.
Attached Files
File Type: pdf The Brief Daily Forecaster.pdf (109.9 KB, 97 views)
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Forex analysis, October 3rd European session

Posted 10-03-2008 at 02:17 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,3884. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a resistance below 1,3950 (66 pips). The downtrend should continue to gather momentum. => We could take a short position at 1,3930. We will put the stop loss above 1,4000 (-70 pips). The targets are 1,3830 (+100 pips, risk/reward 1:1.4), 1,3760 (+170 pips, risk/reward 1:2.4) . Each trade is dangerous, take care and put your stop loss. Trade configuration...
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