Archived IMT (2010.01.14)

The PARAMETERS OF DOLLAR SUPPORT continue to improve as EURUSD drifts lower after failing to close above $1.4580 (denotes 38% retracement) and is vulnerable to enter a lower consolidation of $1.442050. GBPUSD still struggles at the $1.6330s trend line resistance extending from the Dec 17 high. US Dec CPI and industrial production due tomorrow are expected to prolong the neutral-positive trajectory of the greenback. Specifically, US capacity utilization, already at its highest since January 2009, has not had a single a monthly decline in 4 months. Any prolonged gains would regenerate the rallying ways of USD on positive figures. SEE CALENDAR for the forecasts http://ashraflaidi.com/economic-calendar/ THANKS FOR YOUR VOTES ! THE RACE IS TIGHTENING BY THE DAY and AND ONLY YOU can MAKE A DIFFERENCE http://shortyawards.com/ALAIDI