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[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,2651. EUR USD broke 1,2700 support. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. [/LEFT][INDENT][LEFT][B]Resistances[/B]1,2700 - 1,2820[B]Supports[/B]1,2630 - 1,2500[/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 ...

[B]Bias: [/B] I feel we are now close to a stronger break higher - 1.1649 should now support

Price remained in a very frustrating tight range over Friday and yesterday and this has made the wave structure very difficult to identify. However, this morning's break back to 1.1719 does have the look of a stronger attempt at the upside. I feel we may just see a pullback from the 1.1720-40 resistance but while any pullback remains above 1.1649 (allow for 1.1625) I feel we shall soon see a break above 1.1720 & 1.1780 to push price all the way to 1.1860 minimum and more likely 1.1914.

For a detailed explanation of how to use the report please see the Analysis page of my website.

For full analysis please ...

Attached Files

• The Brief Daily Forecaster.pdf (67.9 KB, 111 次查看)

EURUSD breaks below 1.2706 previous low support, suggesting that the medium term downtrend from 1.4719 (Dec 18, 2008 high) has resumed. Deeper decline is expected to 1.2500 zone in a couple of days. Initial resistance is now at 1.2942, only rise above this level will indicate that the short term downtrend from 1.3093 has completed.



Daily Forex Forecast

Monday- Feb, 16 2009 3:00 pm Est

Casey Stubbs- Winners Edge Trading

Light activity in todays trading because of the U.S. holiday resulted on little movement in the pair in todays trading. We can see the wedge that has formed which usually indicates that the pair will break lower. Right now as I right this the pair is at 1.2767 moving downward to the support level of 1.2700. Watch this level, this has been a strong support and a break of this level could lead the pair to the 1.2500 support level. Also watch for abounce off of the 1.2700 level and a move through the top of the triangle that would be a significant move to the upside. We could see the break out in the Asian session or tomorrows London or New York ...