EUR/USD-Euro slows down as the USD continued to accelerate.

Euro weakened from a five-month high against the dollar as speculation European banks need more money curbed demand for assets in the region of the 16-nation.Anthony Boyajian
27 September 2010 print this article

Buy a break on the resistance level of 1.3650Sell a break on the support level at 1.3415Buy a pause at the resistance level of 1.3510Sell a break on the support level at 1.3280Sell a failure to break the resistance 1.3650

Basic

The euro weakened from a five-month high against the dollar as speculation European banks need more money curbed demand for assets in the region of the 16-nation.Europe's currency decreased versus all 16 major counterparts before Ireland reveals this week, the costs of the caper, Anglo Irish Bank Corp, in addition to the euro slipped also from an eight-week high versus the yen after Der Spiegel reported the Commission lacks confidence in the viability of the German regional lenders.

Technical

Technical analysis shows the euro can continue its uptrend after a small fix. We note the demand on the market by means of indicators such as MACD, which gives us a buying signal. RSI provides an offensive signal. Bollinger is a neutral position by closing the candle below higher band.

EUR/USD (daily chart)

The primary trend is clearly a downtrend.

EUR/USD (4-hour chart)

The couple bounces on the Middle Bollinger band.

EUR/USD (per hour chart)

Less tendency to face a strong resistance.

Resistance

1. the 3650

1.3510

Support

1.5,250

1.3280

Finotec Analysis Team
27 September 2010
Market review and analysis of the content on this site, including news, quotes, data and other information must be provided for your personal information only and is not intended as a recommendation for trading purposes, the content on this website does not provide any form of advice (investment, tax and legal) amounting to investment advice or recommendations regarding particular financial instruments, investments or products. Finotec does not provide investment advice or recommendations to buy or sell securities.

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EUR/USD-euro dollar slows down which, continue to accelerate the

Euro decreased from a six-month high against the dollar as the concern of the European Nations public debt reduced demand for the region's assets.Anthony Boyajian
04 October 2010 print this article

Buy a break on the resistance level of 1.3800Sell a break on the support level at 1.3700Buy a pause at the resistance level of 1.3820Sell a break on the support level at 1.3650Sell a failure to break the resistance 1.3800

Basic

The euro fell from a six-month high against the dollar as the concern of the European Nations public debt reduced demand for the region's assets.The single currency fell against 13 of the 16 major counterparts after the Financial Times reported on Ireland's budget deficits this year will be higher than the previous forecast and Nobel Prize-winning economist Joseph Stiglitz said of the future "looking bleak."

Technical

Technical analysis shows the euro can continue its uptrend. We note the demand on the market by means of indicators such as MACD, which shows the strength of the market. RSI is in an uptrend. Bollinger provides an offensive signal by closing the candle above middle band.

EUR/USD (daily chart)

The primary trend break the trend line up.

EUR/USD (4-hour chart)

The couple would continue the great uptrend.

EUR/USD (per hour chart)

The less bounces on the standard error channel trend line.

Resistance

1.3800 1.3820

Support

1.3700 1.3650

Finotec Analysis Team
04 October 2010
Market review and analysis of the content on this site, including news, quotes, data and other information must be provided for your personal information only and is not intended as a recommendation for trading purposes, the content on this website does not provide any form of advice (investment, tax and legal) amounting to investment advice or recommendations regarding particular financial instruments, investments or products. Finotec does not provide investment advice or recommendations to buy or sell securities.

View the original article here