Devisen-Trader-Talks: Guten Morgen

verfasst von Frank1, 06.11.2000, 08:53

06.11.2000, 08:38:00
chart:EUR/USD-Friday's explosive intervention inspired fireworks display ran into resistance at 38.2% of the June-October decline. Coupled with some minor bearish divergence on intraday charts this suggests the Euro will surrender Friday's gains to 0.8578 (38.2% 0.8227 to 0.8795), where we would expect the Euro to base in preparation for the next up-leg. Failure to do so however, would threaten near-term bullish sentiment and risk a deeper correction to 0.8550 - the gateway to 0.8511 and 0.8444 where the Euro should run into firmer support. Only below here negates the potential for a more meaningful medium-term reversal.

06.11.2000, 08:35:00
chart:USD/CHF-Having failed to sustain losses beneath the 38.2% retracement of the June-October decline (around 1.7465), we expect the USD will attempt to recoup some lost ground from Friday with 1.7680 seen as a viable target intraday. As long as this contains the topside, the preferred near-term view is for the USD to weaken once more thereafter with a break above 1.7680 required near-term view is for the USD to weaken once more thereafter with a break above 1.7680 required to initiate a further short squeeze back to 1.7775 and perhaps 1.7810 ahead of renewed weakness

06.11.2000, 08:24:00
SWISSCOM rumour Vodafone will take 25% stake in Swisscom's Mobile unit......could rise speculation of gbp/chf selling


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• Devisen-Trader-Talks: Guten Morgen - Frank1, 06.11.2000, 08:53