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Wednesday December 8, 2010 - 13:19:12 GMT
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Forexpros Daily Analysis - 08/12/2010
ForexPros Daily Analysis
December 08, 2010
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The EURUSD pair has hit a major
support at 1.31948 and has moved back up.
However, from my previous
analysis of this pair, it has broken down the major support on the daily
On the 4 hour chart, you can see that the price is unable to
create higher high which is a sign of weaknesses in the buyer.
whole, I will continue to look for short opportunity for this pair as long as it
breaks below the 1.31948 support level.
---Forex Trading analysis written
by Kelvin Lee for Forexpros.
Futures and Options on Futures and Cash Forex
substantial risk of loss and may not be suitable for
all investors. You
should carefully consider whether trading is suitable for
you in light of
your circumstances, knowledge, and financial resources. You
may lose all or
more of your initial investment. Opinions, market data, and
are subject to change at any time.
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Amazing Trader EVENT RISK Calendar:
Wed 18 Oct /ul>
12:30 US- Housing Starts & Permits
14:30 US- EIA Crude
Thu 19 Oct
01:30 AU- Employment
08:30 GB- Retail Sales
12:30 US- Weekly Jobless
Fri 20 Oct
12:30 CA- Retail Sales & CPI
14:00 US- Existing Homes Sales
John M. Bland, MBA
- POTENTIAL PRICE RISK: HIGH Tue-- 08:30 GMT GB- CPI top tier confirmation of Inflation.
- POTENTIAL PRICE RISK: Medium Tue-- 09:00 GMT DE- ZEW Survey second most important German monthly Survey.
- POTENTIAL PRICE RISK: Medium Tue-- 09:00 GMT EZ- final HICP revision to flash report. Revisions are usually minor.
- POTENTIAL PRICE RISK: Medium Tue-- 13:15 GMT US- Industrial Production. Top output indicator.
- POTENTIAL PRICE RISK: Medium Wed-- 12:30 GMT US- Housing Starts and Permits revision to flash report. Useful housing leading indicator.
- POTENTIAL PRICE RISK: Medium Wed-- 14:30 GMT US- EIA Crude. Top WTI inventory measure.
- POTENTIAL PRICE RISK: Medium Thu-- 01:30 GMT AU- Employment. Top economic indicator.
- POTENTIAL PRICE RISK: Medium Thu-- 02:00 GMT CN- GDP. Top economic indicator.
- POTENTIAL PRICE RISK: HIGH Thu-- 08:30 GMT GB- Retail Sales. Top consumption indicator.
- POTENTIAL PRICE RISK: Medium Thu-- 12:30 GMT US- Weekly Jobless. Employment Indicator.
co-founding Partner, Global-View.com
EXCLUSIVE: Global-View Daily Trading Chart Points Updated
EXCLUSIVE: Global-View Free Forex Database updated
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