Currency Technical Analysis

By Fx GreeceJun 11, 2008 08:00PM ET

www.investing.com/analysis/technical/currency-technical-analysis-7650

Currency Technical Analysis

By Fx Greece | Jun 11, 2008 08:00PM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

EUR/USD

Resistance
: 1,5510/ 1,5530/ 1,5560-70/ 1,5610-15/ 1,5640
Support : 1,1,5440/ 1,5410/ 1,5360-70/ 1,5340/ 1,5300

Comment : The downtrend is still valid as yesterday's retracements were limited within the ranges we had set. Resistance at 1.5670-00 met bears and the day starts with euro reaching yesterday's lows. Consequently, the possibility of a move resumption to 1.5370-00 area is still open. This area is considered as a strong support level and buyers should make their appearance, at least in the first reach. Move below 1.5360 will have as next target the area of 1.5280-00 , where the lows of May are found, but it is possible that the move will be continued to even lower levels towards 1.5200-30.

Resistance is still found at 1.5520-30 and 1.5580-00 and it is very important for today. A break of yesterday's tops is possible and the area of 1.5700 will be our next target.
Today, the possibility of a downward move towards lower targets or a sideways consolidation between yesterday ranges is more likely.

TRADING EUR/USD : Our strategy yesterday proved accurate, as euro moved between the ranges we had set for sell positions. We follow the trend until 1.5445-50 lows, while a potential break may be followed with new sell positions with target at the 1.5360-80 area. Stops will be set above 1.5475 area.

Buy positions will be tried at 1.5360-70, with stops below 1.5340 and first target at 1.5440-50. A clear break of 1.5350 will be followed with sell positions, depending of the strength of the move, with next target at 1.5270-90.
Buy positions will be also tried at 1,5270-80 and 1,5230 area, with stops below 1,5180 and target at 1,5450-00.

GBP/USD

Resistance : 1,9565/ 1,9610-20/ 1,9660-70/ 1,9700
Support : 1,9520/ 1,9480/ 1,9450/ 1,9400

Comment : The pound moved between the ranges we had set and from 1.9660-70 it declined intensively, which indicates that the move could be continued to yesterday's lows, at 1.9490-00 or 1.9450 area. Below those levels, next targets are set at 1.9350 area, in the base of the wider formation.
Intraday resistance is found at 1.9560-80 area and 1.9630-40. The ranges of the reversal are set above yesterday's highs...

TRADING GBP/USD : The trend remains bearish. Buy positions will be tried at 1.9480-00, adding more at 1.9460, with stops below 1.9440. Sell opportunities could also emerge at 1.9380-00 and 1.9350...

USD/JPY

USD/CHF

Technical analysis-Comments
G. Antonakos
Head of Analysis Dept.

Daily Technical Strategy By Lloyds TSB Corporate Markets - Jan 05, 2009

EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...

Technical oscillators supporting the~bullish trend for the USD/CHF... By Finotec - Jan 05, 2009

USD/CHF – Market strategy is bullish, buying from the 1.1180~levelUSD/CHF-market strategy can be a buy from the level 1.1180Technical oscillators supporting the bullish trend...

January 06 analysis By Investija - Jan 05, 2009

In this PDF you will find the latest technical analysis published by Forex Trends

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post 1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

Central Banks

Interest Rates

Next Meeting

FED

4.00%

Oct 28, 2026

ECB

2.65%

Oct 29, 2026

BOE

3.75%

Oct 29, 2026

SNB

0.00%

Dec 10, 2026

RBA

4.60%

Nov 03, 2026

BOC

2.25%

Oct 28, 2026

RBNZ

2.75%

Oct 28, 2026

BOJ

1.25%

Oct 30, 2026

CBR

14.00%

Oct 23, 2026

RBI

5.50%

Dec 04, 2026

PBOC

3.00%

Oct 20, 2026

BCB

13.75%

Nov 03, 2026

US 30	51,978.5	-199.3	-0.38%
US 500	7,658.2	-85.9	-1.11%
Dow Jones	52,002.41	-175.28	-0.34%
S&P 500	7,659.41	-84.65	-1.09%
Nasdaq	26,140.03	-572.99	-2.15%
S&P 500 VIX	19.99	+3.53	+21.45%
Dollar Index	101.595	-0.065	-0.06%

Crude Oil WTI	101.84	+3.87	+3.95%
Brent Oil	109.69	-0.17	-0.15%
Natural Gas	3.12	-0.12	-3.68%
Gold	4,186.70	+16.60	+0.40%
Silver	57.14	-0.02	-0.04%
Copper	6.5600	+0.0100	+0.08%
US Soybeans	1,260.50	-2.50	-0.20%

U.S. 10Y	5.079	-0.011	-0.22%
U.S. 30Y	5.428	0.000	0.00%
U.S. 5Y	4.877	-0.020	-0.41%
U.S. 3M	4.173	-0.024	-0.57%
US 10Y T-Note	105.64	+0.11	+0.10%
Euro Bund	121.52	-0.14	-0.12%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	343.46	+1.46	+0.43%
NVIDIA	214.13	-3.10	-1.43%
Alphabet A	340.59	-8.63	-2.47%
Tesla	354.72	-7.72	-2.13%
Amazon.com	249.93	-4.83	-1.90%
Netflix	70.53	-2.08	-2.86%
Meta Platforms	709.33	-27.40	-3.72%

Currency Technical Analysis

Related Articles