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Analysis and forecasts - Thursday 07.02.2009

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EURUSD
Yesterday’s boost to as high as 1.4200 - above last month’s top at 1.4140 is seen as a bullish confirmation of current trend and the overnight pullback to 1.4100 is corrective, so far, support being formed at.14100 by the 50% retracement of yesterday’s move from 1.4000 [...]

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Forecast and analysis - 03.05.2009

EURUSD

The Euro is pulling back from the 1.2660 region where it topped on yesterday and the downside may remain under pressure ahead of the ECB expected rate cut today. Hourly momentum is bearish at the time of this report and intra-day support is seen at 1.2540/55, backed by 1.2450/55 and 1.2330. Daily sentiment is bearish [...]

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