Friday September 30, 2005 - 09:21:51 GMT
Share This Story
FXstreet.com - www.fxstreet.com
Forex Morning Meeting - European Session Report
Good morning everyone from FXstreet.com. Crude Oil barely moved yesterday and closed around $66.50. Meanwhile, DJIA index closed around 10.550.
Forex Technicals at a glance: The Eur/Usd today
Yesterday’s rally was well short-lived and the pair quickly tested back the lower line of the downtrend channel, hitting a low of 1.1999 in early european trading. Short positions are favoured since the current attempt to violate the latest “uptrend” line (connecting previous lows of 1.1977 and 1.1991) looks to be strong enough to force the pair to clearly break and stay below 1.20. Only a sharp move above 1.2060 would negate this view, but this is unlikely to happen for now. Initial target on the downside 1.1960, then 1.1870 and sub 1.18. Mid-term view remains intact.
None at this moment.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."