The Advisor Weblog |
- Best pair to trade now: EUR/USD
- Hourly perspective for US session
- EUR/USD technical points
- Majors’ sentiment for today
- Starting the day
| Best pair to trade now: EUR/USD Posted: 04 Mar 2010 07:20 AM PST Here is my second choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-03-04.v02.html
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| Hourly perspective for US session Posted: 04 Mar 2010 06:32 AM PST Here is the hourly perspective updated, for the US session:
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| Posted: 04 Mar 2010 03:20 AM PST Eur/Usd is moving away from the 1.3440 lows area, and away from the 61.8% daily retracement; attempting to form a temporal botton and regain the upside, will depend on if able or not to overcome the 1.3800 level, 50% retracement of the same rally. 4 hours indicators show downside corrective movement complete and pair pointing for another leg up. First resistance level lies at the 1.3710 area, ahead of 1.3740, yesterday’s high; above it, 1.3800 is next level to watch. To the downside, 1.3660, 1.3630 and 1.3600 will be the supports to consider.
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| Posted: 04 Mar 2010 02:30 AM PST Here is majors’ sentiment for today: Eur/Usd: Slightly Bullish Gbp/Usd: Slightly Bullish Usd/Chf: Slightly Bearish Usd/Jpy: Bearish Eur/Gbp: Neutral Eur/Jpy: Slightly Bearish Gbp/Jpy: Slightly Bearish
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| Posted: 04 Mar 2010 02:21 AM PST Hi everyone and welcome back! Quiet Asian session as majors mostly consolidatewith greenback a bit stronger ahead of BOE and ECB decisions in a couple of hours. Gold gave up a bit, still strong around $ 1138/oz, limiting any dollar attempt to move further. Anyway, what will happen is way more interesting that what already did; BOE I do believe, could trigger some strong reaction if they decide to announce more QE to come, sending Pound lower while any other scenario should be bullish for the currency; regarding Euro, things will depend on Trichets’ comments on how concern the EU is about deficits in the zone, and stance on QE. Anyway, I will post the technical levels to watch for both today in a few minutes. Here is the link for today’s calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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