| Eur/Usd consolidating Posted: 12 Oct 2009 02:36 AM PDT Eur/Usd seems to have found a comfortable 100 pips area to consolidate, ahead of further definitions. The 1.4660 support zone continues holding the downside and growing stronger. 1.4750/70 area is the top of the range. 4 hours20 SMA has turned flat, losing strength, still acting as dynamic resistance around current levels. Ni clear readings coming from indicators at this point. Immediate support comes at 1.4700 area, ahead of stronger 1.4660 level; clear confirmations under that zone should take place to see the pair gain some downside momentum quite unlikely for today. Sames goes to the upside, maybe a 4 hours candle clear opening above both 20 SMA and 1.4770 highs, could send the pair to retest the 1.4820 area.  
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| Majors’s sentiment for today Posted: 12 Oct 2009 01:37 AM PDT Here is majors sentiment for today: Eur/Usd: Neutral Gbp/Usd: Bearish Usd/Chf: Neutral Usd/Jpy: Slightly Bullish Eur/Gbp: Bullish 
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| Starting the day Posted: 12 Oct 2009 01:34 AM PDT Hi everybody and welcome back! Sitting in FXstreet.com office, amazing, beautiful Barcelona, is waiting outside. Dollar gained during a quiet Asian session with Japan closed for holidays, and early Europe, thus limited by rising gold and U.S. futures, that are really close to this year high reversing previous hours rally. Being also holiday both in U.S. and Canada, seems unlikely to see majors break current daily range. Canadian dollar however, mounted on rising crude prices hit a 1 year low, while Pound continues the bearish bias we have comment several times, reaching a 5 month low. Both rallies seem overextended, yet no signs of corrections but some short lived movements. I will be around here, so I will post some levels for majors. Have a great day! 
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