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11:40 GMT (Global-View.com) Feb 10 - Mixed skies forecast for the EURUSD as it consolidates within 1.32-1.33 but the failure to reach the 100 day mva (1.3332) runs a risk for a near-term top unless firmly taken out. In addition, 1 and 4 hour up trendlines for the week have been broken so at a minimum, momentum has slowed.
In the meantime, the Greek saga continues and possible resolution pushed our yet again to next week.
Daily Jay Meisler's Forex WeatherMap
Feb 10, 2012 EURUSD (Current rate: 1.3248, O/N Range 1.3239 -1.3290)
Outlook:EURUSD has lost steam and dependent on 1.3200-15 holding to keep a bid. While within 1.3200-1.33, 1.3250 will set the tone. 1.3208 = 38.2% of this week's 1.3026-1.3321 range. Note rumors of 1.33 options defense.
Range:
Resistance
1.3321
1.3300
1.3290
1.3200-15
1.3174
1.3139
11:40 GMT (Global-View.com) Feb 10 - Mixed skies forecast for the EURUSD as it consolidates within 1.32-1.33 but the failure to reach the 100 day mva (1.3332) runs a risk for a near-term top unless firmly taken out. In addition, 1 and 4 hour up trendlines for the week have been broken so at a minimum, momentum has slowed.
In the meantime, the Greek saga continues and possible resolution pushed our yet again to next week.
Daily Jay Meisler's Forex WeatherMap
Feb 10, 2012 EURUSD (Current rate: 1.3248, O/N Range 1.3239 -1.3290)
Outlook:EURUSD has lost steam and dependent on 1.3200-15 holding to keep a bid. While within 1.3200-1.33, 1.3250 will set the tone. 1.3208 = 38.2% of this week's 1.3026-1.3321 range. Note rumors of 1.33 options defense.
Range:
Resistance
1.3321
1.3300
1.3290
1.3200-15
1.3174
1.3139
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