11:00 GMT (Global-View.com) Feb 15 – Mixed skies again for the EURUSD as the market continues to get whipsawed by headlines out of Greece. So far the 1.32 level has not printed and this would need to happen to restore a neutral tone. 1.32 is also 50% of 1.3321-1.3078.
Daily Jay Meisler's Forex WeatherMap
Feb 15, 2012 EURUSD (Current rate: 1.3153, O/N Range 1.3190 -1.3110)
Outlook: The outlook is mixed skies with 1.3150 likely to set the intra-day bias while within 1.31-1.32. On the downside, focus is on the close vs. the 20 day mva as only a finish below it (1.3113 today) would suggest the high is in and shift the focus back to 1.30. On the upside, 1.32+ is needed to restore a bid. This suggests 1.31-1.32 is sort of a no man’s land with little in the way of stops to go after, which is too tight a range to last for long.
Range:
Resistance
1.3250
1.3215-30
1.3190-00
1.3110
1.3078
1.3054
Support
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