DEVISEN-TRADER-TALK - EURO

verfasst von Frank1, 02.11.2000, 13:24

02.11.2000, 12:41:00
chart:USD/CHF- The near-term bearish outlook for USDCHF remains intact, but a break of 1.7690 is required to trigger the next downleg to 1.7515 (61.8% 1.7030 to 1.8300).. Only a break above 1.7810 would re-instate a broader bullish tone and re-focus attention on 1.7925 and ultimately 1.8025.

02.11.2000, 12:35:00
chart:EUR/USD-The near term-term trend remains bullish though with a break above 0.8660 required to unlock 0.8717 and ultimately 0.8750. On the downside, 0.8613 is initial support ahead of 0.8590 and the stronger 0.8550 which should arrest a decline. Please note though, failure to bounce from here would suggest recent gains were merely corrective and re-focus attention on 0.8470.

02.11.2000, 12:32:00
today there are only rumours around pro euro..rate hike..intervention..warnings not to be short etc..and the rally mostly is $ driven from model trading accounts, cross buying,stop losses and a few new longs..IF there is nothing relay gets confirmed of this rumours the whole euro story could turn into a nasty bloodbath on the FX trading


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• DEVISEN-TRADER-TALK - EURO - Frank1, 02.11.2000, 13:24