Share This Story: | | Email
11:30 GMT (Global-View.com) Feb 28 - Sunnier skies for the EURUSD on Tuesday but still mixed as it consolidates so far with an inside day. This comes in a market that appears on hold awaiting a key events day Wednesday where the focus will be on the ECB's LTRO, Bernanke testimony and month end flows. Price action suggests market is betting on these events being risk on but question is how much is discounted.
Daily Jay Meisler's Forex WeatherMap
Feb 28, 2012 EURUSD (Current rate: 1.3442, O/N Range 1.3396-1.3462)
Outlook: Looking for a range day Tuesday while EURUSD trades within 1.3265 (23.6% tested yesterday) and sub-1.35. As noted above, key event day is Wednesday.
Range:
Resistance
1.3486
1.3478
1.3462
1.3415-20
1.3485-00
1,3364
11:30 GMT (Global-View.com) Feb 28 - Sunnier skies for the EURUSD on Tuesday but still mixed as it consolidates so far with an inside day. This comes in a market that appears on hold awaiting a key events day Wednesday where the focus will be on the ECB's LTRO, Bernanke testimony and month end flows. Price action suggests market is betting on these events being risk on but question is how much is discounted.
Daily Jay Meisler's Forex WeatherMap
Feb 28, 2012 EURUSD (Current rate: 1.3442, O/N Range 1.3396-1.3462)
Outlook: Looking for a range day Tuesday while EURUSD trades within 1.3265 (23.6% tested yesterday) and sub-1.35. As noted above, key event day is Wednesday.
Range:
Resistance
1.3486
1.3478
1.3462
1.3415-20
1.3485-00
1,3364
No comments:
Post a Comment