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[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,2779. EUR USD is in a range between 1,2730 and 1,2940. The volatility is high. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should continue to move in 1,2730 / 1,2830 range. If the support breaks then the target will be 1,2300 (479 pips). [/LEFT][INDENT][LEFT][B]Resistances[/B]1,2830 - 1,2880[B]Supports[/B]1,2730 - 1,2600[/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 ...

Is the Dollar Doomed?

By Ed Ponsi, President of FXEducator.com

Q) Hi Ed, I read your Forex articles and find them very informative and interesting. I have one question or concern which I hope you could address concerning U.S. Treasuries and the flight to safety we have seen lately. As most of the G8 countries are now in official recessions, investors have been flocking to U.S. Treasuries as a "safe haven", thus driving up the U.S. dollar. I don't see the reason. My belief is that U.S. Treasuries are not safe. With trillions outstanding, I don't see how the U.S. government plans on repaying these securities. We all realize from the times we live in, that the intrinsic value of paper money is zero! ...

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[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,2743. EUR USD is in a range between 1,2730 and 1,2940. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,2730 (13 pips). If the support breaks then the target will be 1,2300 (443 pips). [/LEFT][INDENT][LEFT][B]Resistances[/B]1,2810 - 1,1880[B]Supports[/B]1,2730 - 1,2600[/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 ...

AUDUSD might be forming a short term cycle bottom at 0.6428 on 4-hour chart. Key resistance is at 0.6641, a break above this level will confirm the cycle bottom, and further rally could be seen to 0.7000 zone. Near term support is at 0.6428, below this level will signal deeper decline to 0.6300 level.



Daily Forex Market Analysis