Technical Analysis 14/09/2010 FXCBS

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Tuesday September 14 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.28441 and the highest level at 1.28905, the pair trading now around the level of 1.28774.

Regarding to the pair Sterling against the U.S. dollar also traded during the Asia session between the lowest level at 1.53595 and the highest level at 1.54294, the pair trading now around the level of 1.53636.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 83.249 and the highest level at 83.758 , while the pair trading now around the level of 83.589.

Market Expectations

EUR/USD : etermined indicators for the pair Euro against the U.S. dollar show negative sign may lead the pair to decline to retest the support level at 1.27370, the pair still trading below the resistance point at 1.29150 and that support our expectation, stability of the trading below this level necessary to achieve this expectations.



GBP/USD : Stability of the trading above the level of 1.53250 still lead us to expect Upward trend for the pair Sterling against the U.S. dollar , MACD indicators support our expectations and show positive sign .




USD/JPY : We advice today to monitor the price movement for the pair U.S. dollar against the Japanese Yen because we still show positive sign through stochastic indicators in the other hand until now we cant see areal close for the pair below the level 83.300 , so we will wait until the price become more clear today .



Senior Analyst / Ali Hasan /FXCBS

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