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Friday, August 13, 2010

There is no confirmation of a reversal of EUR / USD, but in addition the upside is still visible. But still, we had to find a signal of trend reversal as EUR / USD is approaching 1.3105/3123 cluster level (38.2% retracement of 1.5143 to 1.1875 is at 1.3123, 161.8% projection of 1.1875 to 1.2466 from 1.2149 to 1.3105). And USD / JPY has become commercial Sideway last week, and consolidation could go above 86.26. However, if your shot stronger upside should be limited below 89.14 resistance and bring down again. decisive break of 86.26 confirms that everything is placed within 94.97 and is a GBP / USD retreated from 1.5123 weeks ago, but rebounded strongly after drawing support in the short term bullish channel. Size 1.4230 rises moved probably still in progress. Initial bias remains on the head this week to 1.5470 and above. Note that the decisive break of 1.5521 is resistsance
USD / CHF Trade Sideway changed last week, and more consolidation is likely to maintain a 1.0399 to begin this week. However, note that short-term outlook remains bearish as long as 1.0674 resistance holds 1.1729 last drop and still worth continuing. Break of 1.0394 targeted external AUD / USD 0.8066 prolong increase moved last week and was high as 0.8969. Initial bias remains on the head this week 0.9380/9404 resistance in the region. But we expect there to limit the upside to the second to fall towards strengthening the medium term. The downside, below 0.8859 USD / CAD continues to struggle within the range of each other last week. Breakout not yet occurred, and remain neutral first. As before, the price of 1.0734, which are considered Sideway acts to stabilize the formula of a triangle. Break of 1.0675 will argue that consolidation has been completed and is located 0.9929
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