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Forexpros Daily Analysis - 01/12/2010
ForexPros Daily Analysis
December 01, 2010
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On daily, has
continued to break lows on over extended moves. Next major support areas are
previous highs at 1.2916 and lows at 1.2588.
On the 15min chart, still in
a series of measured moves short, with 50% short at 1.3052 having a reaction.
Daily pivot at 1.30332 may help hold market down. Line in sand at
On daily, pound has continued to hit new
daily lows and has reached a major support (previous highs) area at
On 15min chart, still in extension short, with 50% at 1.56042,
with target at 1.54257. Line in sand is at 1.56328.
On daily, Yen is puling back after hitting daily targets. Extension long
at 50% at 83.206, may serve as the next bounce point, with a target at
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