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USDCHF’s fall from 0.9769 extends to as low as 0.9540. Deeper decline to test 0.9500 support would likely be seen later today, as long as this level holds, the fall is treated as consolidation of the uptrend from 0.9043, and one more rise towards 1.0000 is still possible after consolidation. However, a breakdown below 0.9500 will indicate that the uptrend from 0.9043 has completed at 0.99759 already, then the following downward movement could bring price back to 0.9200 zone.



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Forex Trades 06/06 - US session - by [URL="www.forexticket.us"]Forex ticket[/URL] (ex [URL="http://www.mataf.net"]mataf.net[/URL])
[b][img]http://www.forexticket.us/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.us/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Entry[/b]: 1.2495
[b]Stop[/b]: 1.2545
[b]Resistances[/b]: 1.268 - 1.2615 - 1.2535
[b]Supports[/b]: 1.236 - 1.241 - 1.247

[b][img]http://www.forexticket.us/images/_V3img/fleches/flat_arrow_16.png[/img] [url="http://www.forexticket.us/en/forex/gbpusd"]GBP/USD - British Pound / US Dollar[/url][/b]
[b]Resistances[/b]: 1.5605 - 1.5525 - 1.549
[b]Supports[/b]: 1.5325 - 1.54 - 1.544
...

EUR/USD moved up from yesterday’s (June 5th) levels, as speculation grows that the ECB may lower interest rates later today, in an effort to stabilize markets. The most pressing problems include Greece, where elections could well determine whether the country remains in the EZ. As well, there seems to be no consensus among EZ leaders on what to do about the banking crisis in Spain, and the markets remain jittery about the continued inaction by politicians and policymakers. Most analysts are predicting that the ECB will not tamper with the interest rate level. Whatever happens, we could see some movement by EUR/USD following the rate announcement. Today’s key releases include the ECB rate decision, as well as a press conference given by ...