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Wednesday November 24, 2010 - 09:57:03 GMT
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Forexpros Daily Analysis - 24/11/2010
ForexPros Daily Analysis November 24, 2010
Free webinar on ForexPros - How to trade during volatile markets
Expert: Nour Eldeen M. Al-Hammouri
Start: Tue, Nov 30, 2010, 10:00 ET
End: Tue, Nov 30, 2010, 11:00 ET
In this webinar we are going to give you some simple strategies and
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Forex Trend Analysis
The trend for EURUSD this week is DOWN and we will be looking for SHORT trading opportunity.
Forex Technical Analysis
The price has crossed below the 200 EMA and is moving back up to retest the new resistance level.
There are several major resistance level on this time frame at around
1.34607. It consists of 2 Fibonacci and 1 Daily Pivot Level.
Overall Forex Analysis
I will look to go SHORT if the price is unable to break above the 1.34607 resistance levels.
Forex Trading analysis written by Kelvin Lee for Forexpros.
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All Day flash PMIs
Wed 25 Oct
01:30 AU- CPI
08:00 DE- IFO Survey
08:30 GB- GDP
14:00 CA- BOC Decision
14:30 US- EIA Crude
Thu 26 Oct
11:45 EZ- ECB Decision
12:30 US- Weekly Jobless
14:00 US- Pending Homes Sales
Fri 27 Oct
12:30 US- GDP
14:00 US- final Univ of Michigan
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- POTENTIAL PRICE RISK: HIGH Wed-- 08:00 GMT DE- IFO Survey. Top German indicator.
- POTENTIAL PRICE RISK: HIGH Wed-- 14:00 GMT CA- BOC Decision. No Policy Change Expected.
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