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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
clear close below 4140 and next support comes in at 4080/90...
support line running through 4140 level now.... clear break would see test of 4060/70...
only break below 4060 risk further drop.....
to the upside... resistance comes in at 4180 then further up... main resistance comes in at 4210/20...
Hum... didn't push Euro
JPY raises
Place cable short EURUSD short two minutes before release NFP
Euro/usd long 1.4170 tp 4253
order L usd.ch @ 9230
It is important to state the currency shall have a strong bias and retest the 1.4270s resistance mainly due to rate hike expectations rather than be dragged by peripheral problems. The other side of that coin is USD part, which enters another potentially strong NFP at or above the 190K. And so barring any upside surprises in US NFP, EUR will have next weeks ECB meeting to look forward to.
Ashraf