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Eur/usd Parity The ParityTitle:
Technical analysis of the EUR/USD parity on september 24th, 2010
Commentary of the EUR/USD parity :
The parity is currently testing a rebound on 1.33. Indicators stay globaly bullish. We maintain to trade only long positions as far as the price is above 1.33. The breakout of 1.34 will give a new buy signal. The next resistance is at 1.35. However, if 1.33 is broken, a sell signal will be given and the correction could pursuit towards 1.32 or even 1.31.
See the previous analysis of the EUR/USD parity of September 23th, 2010
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Technical analysis of the EUR/USD parity on september 23th, 2010
Commentary of the EUR/USD parity :
The parity continues its bullish movement and the breakout of 1.33 offered us a new buy signal. Currently, the parity is testing the next resistance at 1.34. All indicators are bullish. We maintain to trade only long positions as far as 1.33 is support. The breakout of 1.34 will give another buy signal. The next resistance is at 1.35.
See the previous analysis of the EUR/USD parity of September 22th, 2010
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Technical analysis of the EUR/USD parity on september 22th, 2010
Commentary of the EUR/USD parity :
The parity started a bullish rallye yesterday, breaking the resistance at 1.31 and at 1.32. The price currently testing the next one at 1.33. All indicators are bullish. We maintain to trade only long positions as far as 1.3250 is support. The breakout of 1.33 will give another buy signal. The next resistance is at 1.34.
See the previous analysis of the EUR/USD parity of September 21th, 2010
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Technical analysis of the EUR/USD parity on september 21th, 2010
Commentary of the EUR/USD parity :
The parity continues to test the resistance at 1.31. Indicators stay globaly bullish. We maintain to trade only long positions as far as 1.3050 is support. The breakout of 1.31 will give a new buy signal. The next resistance is at 1.32. However, if 1.30 is broken, we will advise to trade only short positions as far as 1.3050 will be resistance.
See the previous analysis of the EUR/USD parity of September 20th, 2010
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Technical analysis of the EUR/USD parity on september 20th, 2010
Commentary of the EUR/USD parity :
The parity continues to test the resistance at 1.31. Indicators stay globaly bullish. We maintain to trade only long positions as far as 1.3050 is support. The breakout of 1.31 will give a new buy signal. The next resistance is at 1.32. However, if the support at 1.30 is broken, we will then advise to trade only short positions as far as 1.3050 will be resistance.
See the previous analysis of the EUR/USD parity of September 17th, 2010
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Technical analysis of the EUR/USD parity on september 17th, 2010
Commentary of the EUR/USD parity :
The parity broke the resistance at 1.30, offering a new buy signal. The bullish movement continues and the parity is now testing 1.31. All indicators are bullish. We maintain to trade only long positions as far as 1.3050 is support. The breakout of 1.31 will give a new buy signal. The next resistance is at 1.32.
See the previous analysis of the EUR/USD parity of September 16th, 2010
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Technical analysis of the EUR/USD parity on september 16th, 2010
Commentary of the EUR/USD parity :
The parity continues to test the resistance at 1.30. All indicators are bullish. We maintain to trade only long positions as far as 1.2950 is support. The breakout of 1.30 will give a new buy signal. The next resistance is at 1.31.
See the previous analysis of the EUR/USD parity of September 15th, 2010
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Technical analysis of the EUR/USD parity on september 15th, 2010
Commentary of the EUR/USD parity :
The parity broke the resistance at 1.29, offering a new buy signal. All indicators are bullish. The price is currently testing 1.30. We maintain to trade only long positions as far as 1.29 is support. The breakout of 1.30 will give a new buy signal. The next resistance is at 1.31.
See the previous analysis of the EUR/USD parity of September 14th, 2010
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Yen Reaches 15-Year High
The Yen rose to a 15- year high against the dollar on Tuesday after Japan's prime minister won a ruling party leadership vote, reducing the chances Japanese authorities would attempt to stem yen gains. The USD/JPY fell as low as 82.91, its lowest level since mid-1995.
Economic News
USD - Dollar Drops against the Majors
The U.S. dollar fell against most of its major currencies on Tuesday, touching a 15-year low below 83 yen as a break of technical support levels in several currency pairs sparked a stampede out of the greenback. Also the AUD/USD pair rose as high as 0.9456, its highest level since July 2008 before correcting itself. Currently the pair is trading around the 0.9370 level.
The significant break came in ...
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