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Chief Strategist
Antonio Sousa
My picks: Buy USD and JPY. Sell AUD, NZD, EUR, and CAD
Expertise: Global Macro
Average Time Frame of Trades: 1 week

This morning, stock futures and higher yielding currencies are selling off across the board on speculation that General Motors Corporation may file for bankruptcy and more banks will need to be bailed out by the government (nothing new!). GM shares fell as much as 20 percent on pre-market trade after some news emerged ...

[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,3558. EUR USD broke 1,3500 resistance. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,3585 (27 pips). If the resistance breaks then the target will be 1,3750 (192 pips). [/LEFT][INDENT][LEFT][B]Resistances[/B]1,3585 - 1,3750[B]Supports[/B]1,3500 - 1,3380[/LEFT][/INDENT][LEFT]more information on [URL="http://www.mataf.net/en/forex-eurusd.htm"]EUR/USD - Euro Dollar [B]Click Here[/B][/URL][/LEFT][CENTER][IMG]http://www.mataf.net/section/devises/page/images/eurusd.png[/IMG][/CENTER][LEFT][SIZE="5"]GBP/USD ...

by Darrell, Posted On: 04/06/2009

EUR/US$

The Euro was unable to make a challenge on levels near 1.25 ahead of the US payroll report on Friday and consolidated just above the 1.24 region in cautious trading.

The US employment data was very close to market expectations with non-farm payrolls declining by a further 663,000 in March after a 651,000 drop the previous month. Job losses have exceeded 600,000 in each of the past 5 months while the total over the past year is over 5 million.

The unemployment ate rose to 8.5% from 8.1% and would have risen even further if discouraged workers had not given up looking for work and this was the highest rate for 26 years. There was also a further ...

[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,3257. EUR USD is in a consolidation after the last bearish movement. EUR USD is in a range between 1,3165 and 1,3300. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,3165 / 1,3300 range. [/LEFT][INDENT][LEFT][B]Resistances[/B]1,3300 - 1,3390[B]Supports[/B]1,3215 - 1,3165[/LEFT][/INDENT][LEFT]more information on [URL="http://www.mataf.net/en/forex-eurusd.htm"]EUR/USD - Euro Dollar [B]Click Here[/B][/URL][/LEFT][CENTER][IMG]http://www.mataf.net/section/devises/page/images/eurusd.png[/IMG][/CENTER][LEFT][SIZE="5"]GBP/USD - British Pound Dollar[/SIZE]1,4720. ...