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Price Is Currently TestingTitle:
Technical analysis of the EUR/CHF parity on July 2nd, 2010
Commentary of the EUR/CHF parity:
The parity got back aove 1.32. Currently, the price is testing the resistance at 1.33. Indicators are mixed. We stay neutral between 1.33 and 1.34. If 1.33 is broken, we will advise to trade only short positions as far as 1.3350 is resistance. However, if 1.34 is broken, we will advise to trade only long positions as far as the price is above 1.3350.
See the previous analysis of the EUR/CHF parity of July 1st, 2010
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Technical analysis of the EUR/GBP parity on July 2nd, 2010
Commentary of the EUR/GBP parity:
The parity finaly broke the resistance at 0.82 and is currently testing 0.8250. Indicators are globaly bullish. We stay neutral on the parity as far as the price is moving 0.82/0.8250. A break out of 0.8250 will offer a buy signal and we will advise to trade only long positions as far as 0.82 is support. However, a break out of 0.82 will offer a sell signal and we will advise to trade only short positions as far as 0.8250 is resistance.
See the previous analysis of the EUR/GBP parity of July 1st, 2010
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Technical analysis of the EUR/JPY parity on July 2nd, 2010
Commentary of the EUR/JPY parity :
The parity finaly found support on 108. The price is currently testing 110 as resistance. Indicators are back bullish. A break out of 110 will offer a buy signal. We will then advise to trade only long positions as far as the price is above 109.50. However, a return below 109.50 is bearish. We will then advise to trade only short positions as far as 110 is resistance.
See the previous analysis of the EUR/JPY parity of July 1st, 2010
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Technical analysis of the EUR/USD parity on July 2nd, 2010
Commentary of the EUR/USD parity :
The parity found support on 1.22. The return above 1.2250 offered a buy signal. Then, a strong bullish rally occured, allowing the price to broke the resistance at 1.23 and 1.24. Both offered a new buy signal. Currently, the price is testing 1.25 as a pullback. All indicators are bullish. We advise to trade only long positions as far as the price is above 1.2450. The break out of 1.2550 and 1.26 will both offer new buy signals.
See the previous analysis of the EUR/USD parity of July 1st, 2010
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Technical analysis of the EUR/CHF parity on July 1st, 2010
Commentary of the EUR/CHF parity:
The parity broke the support at 1.32, offering a new sell signal. Currently, the price is testing the next support at 1.31. All indicators are bearish. We maintain to trade only short positions as far as the price is below 1.32. A break out of 1.31 will offer a new sell signal.
See the previous analysis of the EUR/CHF parity of June 30th, 2010
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Technical analysis of the EUR/USD parity on July 1st, 2010
Commentary of the EUR/USD parity :
The parity didn't succeed to break the resistance at 1.23. Currently, the price is testing the support at 1.22. Indicators are mixed. We advise to trade the parity according to the key level 1.2250:
- Long if the price is above 1.2250. A break out of 1.23 will give a new buy signal
- Short if the price is below 1.2250. A break out of 1.22 will give a new sell signal.
See the previous analysis of the EUR/USD parity of June 30th, 2010
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Technical analysis of the NZD/USD parity on July 1st, 2010
Commentary of the NZD/USD parity :
The bearish movement continues and the break out of 0.6896 gave us a new sell signal. Currently, the price is testing the support at 0.68. The break out of this level will give a new sell signal. We maintain to trade only short positions as far as 0.6896 is resistance.
See the previous analysis of the NZD/USD parity of June 30th, 2010
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Technical analysis of the EUR/USD parity on June 30th, 2010
Commentary of the EUR/USD parity :
The parity found support on 1.2150. The price is currently making a correction. A break out of 1.2250 offered a buy signal. We now advise to trade only long positions as far as the price is above 1.2250. Currently, the price is testing 1.23. The break out of this level will give a new buy signal.
See the previous analysis of the EUR/USD parity of June 29th, 2010
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Dollar Extends Gains against the Euro
The U.S currency rose Tuesday, extending gains, adding to investors' desire of safe havens amid worries over global growth prospects, this time stemming from data in China and concerns about the health of European banks.
Economic News
USD - Dollar Rises on Risk Aversion
The U.S Dollar rose yesterday against its major counterparts on risk aversion as investors worried about the expiration of a key Euro-Zone refinancing program this week.
The Dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was 0.2% higher at 85.817, holding above last week's low around 85.09.
The U.S currency extended gains against the EUR after the Conference Board's consumer confidence index plummeted to 52.9 in June, from a downwardly revised 62.7 in May. ...
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