EUR/USD - Page 3

jeffsmith · 11-18-2008, 06:03 AM

Quote:

Originally Posted by goodjulie

I’m trying to attack AUDUSD and EURUSD and I already opened a new thread for advices but since elections in US the economic news are crazy. Some people say dollar will go up because this have happened in the last elections, some others say the protectionist policies and the long US budget will make the dollar falls. Who can we trust?

The Australian dollar has further declines ."AUD weakened to a low of 64.32 U.S. cents before trading at 64.43 cents as of 12:11 p.m. in Sydney, from 64.82 cents before the minutes were released and 65.24 cents late in Asian trading yesterday. The currency fell as low as 61.99 yen, before trading at 62.19 from 62.57 yen yesterday."

jeffsmith · 11-18-2008, 06:10 AM

As far as EUR/USD intraday goes it is under pressure.
Pivot: 1.27
Recommendations: Short positions below 1.27 with targets @ 1.253 & 1.245 in extension.
Alternative scenario: Above 1.27 look for further upside with 1.2775 & 1.28 as targets.
Comments: The pair is currently drawing a pullback towards is former bullish channel support & remains capped by a declining trend line.