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  1. Daily Forecast: January 03

    by , 01-03-2011 at 03:09 AM ( Daily Forecasts with Setyo Wibowo)
    EURUSD Forecast
    The EURUSD was corrected higher last week as Dollar was broadly lower in the last week of 2010. My medium outlook remains neutral as price still moves in range area of 1.2968 – 1.3497 as you can on my daily chart below. I still prefer a bearish scenario, but if price makes a clear break above 1.3497 this week, I have no technical reason to maintain my bearish outlook with 1.3600 – 1.3750 resistance area to be tested. Earlier today in Asian session, the pair was traded lower, hit 1.3276 after peaked at 1.3423 on Friday. The bias is bearish in nearest term especially if price make further downside break below 1.3270 testing 1.3200 – 1.3170 support area. Immediate resistance at 1.3323. Break above that area could lead ...
  2. Weekly outlook for EUR/USD

    by , 01-03-2011 at 02:11 AM
    [B]The Euro enjoyed the low volume between Christmas and New Years’ to improve positions, as no bad news came out of the old continent. We’re now getting back to business, with an extremely crowded calendar – no less than 13 events are due. Here’s an outlook for the events, and an updated technical analysis for EUR/USD, in the first week of January. Take a deep breath.[/B]
    In the week prior to last week, we had a credit downgrade or another warning about the Euro almost every day. The week of holidays allowed everybody to take a break. But the debt doesn’t go away, and big paydays are getting closer. Add the indicators, and you have a recipe for action.
    Read the rest of the [URL=""][I][B]eur ...
  3. Daily outlook for January 3rd

    by , 01-03-2011 at 01:59 AM
    [B]We start the week with ISM Manufacturing PMI in the US and some more exiting events .Let’s see what awaits us today.[/B]

    In the US, The Institute for Supply Management (ISM), Manufacturing Purchasing Managers’ Index (PMI) Survey of about 400 purchasing managers to rate the relative level of business conditions. indicates industry expansion with 57.1 points. While the ISM Manufacturing Prices (component of PMI but reported separately as an inflation gauge) is about to be 71.9 points.
    Read the rest of the [URL=""][I][B]forex daily outlook[/B][/I][/URL].
  4. EUR/USD Intra-day signal by AceTrader

    by , 01-03-2011 at 01:34 AM (Forex Trading Signals)

    Last Update At[/B] 03 Jan 2011 04:27 GMT

    [B]Rate :[/B] 1.3293

    Intra-day drop to 1.3276 on active cross selling
    in euro vs other majors suggests near term fall fm last Friday's high of 1.3425 to retrace recent rise remains in force, however, only a breach of 1.3275 wud bring further weakness to 1.3250/54 b4 rebound.

    Abv 1.3333 wud signal an intra-day low has possibly been made n yield gain to 1.3378. Stand aside.

    [B]Range Forecast[/B]
    1.3276 / 1.3310

    R: 1.3333/1.3378/1.3395
    S: 1.3275/1.3254/1.3224

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