Latest topics
Social bookmarking

Social bookmarking Digg  Social bookmarking Delicious  Social bookmarking Reddit  Social bookmarking Stumbleupon  Social bookmarking Slashdot  Social bookmarking Yahoo  Social bookmarking Google  Social bookmarking Blinklist  Social bookmarking Blogmarks  Social bookmarking Technorati  

Bookmark and share the address of forexgreenland - Forex forum,Forex training, Forex signals, Forex mgt accts on your social bookmarking website

Bookmark and share the address of Forexgreenland - Forex forum,Forex training, Forex signals, Forex managed accounts on your social bookmarking website

Forexpros.com Daily Analysis - 23/07/2009

View previous topic View next topic Go down

Forexpros.com Daily Analysis - 23/07/2009

Post by ForexAnalysis on Thu Jul 23, 2009 12:31 pm

Forexpros.com Daily Analysis - July 22, 2009

Free, Live Forex Webinar Today!

Live-Market Analysis and Trading Decisions
Hosted by: Dr.Sankaran Sivaraman
Date: Thu, Jul 23, 2009, 16:00 GMT

Dr. Sankaran Sivaraman will be discussing market timings, how to read the players' intentions, live-trading decisions in major currency pairs, and basic trading strategy.

Click HERE to register and watch for free!



The pair continues to range (so far) within in a 120 pip range over the last couple of days. A breakout will eventually occur, with the bias being higher overall.

Resistance is at 1.4260 with a break to test 1.4280. A push above 1.4300 would confirm a breakout with the target being 1.4400. Intermittent resistance is at 1.4350.

Support is at 1.4200, 1.4180 and 1.4155. A break below this level is less likely than a break higher, but it could still happen. Further support is at 1.4140 and 1.4100.



The pair jumped in early trading, and is trying to test the 94.40 level. This is an important intra-day level.

A rise above 94.50 indicates a move to test a former swing high at 94.80. A rise beyond is not highly likely today, but 95.00 is the resistance beyond.

Support is at 93.80, 93.40 and 93.20.
Analysis by:
Forexpros.com - Written by Cory Mitchell

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.


Number of posts : 135
Location : india
Reputation : 0
Points : 216
Registration date : 2008-11-03

View user profile

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

Permissions in this forum:
You cannot reply to topics in this forum