Technical Analysis 26/11/2010 FXCBS

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Friday November 26 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.32638 and the highest level at 1.33622, the pair trading now around the level of 1.32862.

Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.56967 and the highest level at 1.57711, the pair trading now around the level of 1.57087.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 83.556 and the highest level at 83.950 , the pair trading now around the level of 83.871.

Market Expectations

EUR/USD : We expect today for the pair Euro against the U.S. dollar a bullish wave over an intraday basis, initially targeting 1.35500 as correction movement for the down side which is occur last week from the level 1.42850 , stability of the trading above the level of 1.32300 necessary to achieve these expectations .

http://www.fxcbs.com/newsletter/images/EURUSD.gif

GBP/USD : momentum indicators are showing oversold signs for the pair Sterling against the U.S. dollar , but we except that the pair will remain fluctuating between the level of 1.57000 and the level 1.58500 , so we advice our clients to take care during the day until we get a clear signals .

http://www.fxcbs.com/newsletter/images/GBPUSD.gif

USD/JPY : The 50 MA supports the pair U.S. dollar against Japanese Yen from below so we expect a bullish intraday direction targeting 84.200, stability of the trading above the level of 82.800 necessary to achieve these expectations.

http://www.fxcbs.com/newsletter/images/USDJPY.gif

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