| February 2, 2010 Current level-1.3922 EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169. The break above 1.3920 signals, that the pair has entered a larger corrective phase ans will target 1.40+ sentiment level, before drowning to 1.3740 support. | |||||||||||||
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February 2, 2010 Current level - 90.56 The overall downtrend has been renewed with the recent break below 87.12. Trading is situated below the 50- and 200-day SMA, currently projected at 89.50 and 93.54. We saw on more test in the 90.90 resistance area and the pair is still struggling below that zone. Only a break below 89.79 will initiate a downtrend for 88.36, en route to 87.35. The intraday bias is positive, well supported at 90.45. | |||||||||||||
| resistance | support | ||||||||||||
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