Friday, August 6, 2010

Analysis EURUSD

EURUSD yesterday suffered a correction to the area level 1.3117 and then bullish  again to the area  1.3234, but still not penetrate to the highest area 1.3261,upside strong for this pair still going on today,beware on overbought condition RSI ( 14 ) and Stochastic ( 7,3,3) in  daily charts, i still waiting to entry for this trading because a lot news today,

Support & Resistance Today :

R-3 1.3358 - R-2 1.3290, R-1 1.3235 and S3- 1.3125, S2-1.3060, S1- 1,3005

News On Today : 

French Central Government Balance, French Consumer Price Index , French Trade Balance, ECB Presiden Trichet Speaks, Italian Industrial Production, Italian Prelim GDP q/q,German Industrial Production m/m, Unemployment Rate,  Non- Farm Employment Change, Unemployment Rate , Average Hourly Earnings

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