Back to the Forex Alerts day's list
Alerta - 15:50 (CET) - Euro above 1.3200 against the Dollar
|
The single currency hit its six weeks high against the Dollar, around 1.3250. The speculations that the Fed will cut rates next week led to a decline in the Libor rates in London, the rates at which banks lend money among themselves, which are now at more than four year lows.
The EurUsd is trading at 1.3262, ranging between 1.3001 and 1.3274, 200 pips over yesterday's close at 1.3023. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are over the 200-day EMA.
The traders are watching the supports at 1.2500, 1.2324 (January 2006 high) and 1.2000 (key). As the resistances at 1.2733 (October 23rd high) and 1.3000 (key) were broken, the traders are already eyeing the next at 1.3353 (October 21st high).
Meanwhile, the 60-minute Relative Strenght Index (RSI) is at 82 points, overbought. The average volatility per hour is 370 pips. Checking the daily graphics, we see that the current price is over the 61.80% (1.3063) and under the 50.00% (1.3278) Fibonacci retracement lines.
|
|
ACM Advanced Currency Markets SA (hereinafter referred as ACM) is a professional financial intermediary, directly regulated by the Swiss Federal Department of Finance, Anti Money Laundering Control Authority. As forex specialist, ACM provides only currency and precious metals trading via highly professional forex trading software. All customers are aware that this information or any part thereof has been prepared without taking account of your objectives, financial situation and/or needs. This information is not intended as personalized investment advice and does not constitute a recommendation. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. The analysis is based on the information which ACM finds reliable and accurate, but ACM does not assume any responsibility for any material nor for the transactions made on the basis of the information or the estimates of the analysis. ACM cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct, indirect and/or consequential loss arising from any use of this information, document or its content. All opinions and estimates constitute ACM analysis as of the data and are subject to change without notice. ACM does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions. Past performance is not a reliable indicator of future performance.
|