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Tuesday December 7, 2010 - 09:53:54 GMT
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Forexpros Daily Analysis - 07/12/2010
ForexPros Daily Analysis December 07, 2010
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Euro and Pound Longs are still holding but half way back shorts acting
as resistance. Best to let market confirm which direction it wants to
On daily, 50% short at 1.33777 acting as resistance.
On 15 min, currently bouncing off long at 1.32479, with target at
1.35276, as a continuation of measured moves long of the past week.
Short at 1.33419, acting as resistance, though we are above daily pivot
of 1.33229, which may hold market up.
Pound: Between short of 57891 and long of 1.5649.
On 15 min, bouncing off 50% at 1.56487. Needs to break 1.58536 to confirm long. Daily Pivot at 1.57139.
On daily, reacting off 50% at 82.345.
Forex Trading analysis written by Diana Rochford for Forexpros.
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Trading Ideas for 18 December 2017
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Amazing Trader EVENT RISK Calendar:
Mon 18 Dec
10:00 EZ- final HICP
Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account
Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude
Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP
Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes
Mon 25 Dec
00:00 Christmas Holidays
Potential Trading Opportunities
John M. Bland, MBA
- POTENTIAL PRICE RISK: Medium Mon--10:00 GMT-- EZ- final November HICP. flash data are rarely changed.
- POTENTIAL PRICE RISK: HIGH- Medium Tue --09:00 GMT-- DE- IFO Survey. Key report but usually not a market-mover
- POTENTIAL PRICE RISK: HIGH- Medium- Tue --13:30 GMT-- US- Housing Starts and Permits. Leading indicators of activity
- POTENTIAL PRICE RISK: HIGH-Medium- Wed --15:00-- US- Existing Homes Sales. Top Housing statistic
- POTENTIAL PRICE RISK: Medium- Wed --15:30-- US- EIA Crude
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EXCLUSIVE: Global-View Daily Trading Chart Points Updated
EXCLUSIVE: Global-View Free Forex Database updated
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