- Trader-Talks - Frank1, 26.01.2001, 09:55
Trader-Talks
26.01.2001 09:46:00
TT-FX eur/yen triggered stops above 108.20 and trades at 108.50..charts target now 110.50 again
26.01.2001 09:27:00
TT-FX chartists gettin bullish again on the eur/usd see return to 0.9600 mid term
26.01.2001 09:03:00
TT-FX a buba official said eurozone now needs a steady hand on rates - taking away further rate cut hopes on the ECB - euro not reacting much as no ECB rate cut before Q2 is mostly priced in by now
26.01.2001 08:58:00
chartusdchf
TT-FX The USD is consolidating with this price action seen a bearishg flag
formation which signals the potential for weakness if 1.6500 is breached. Yesterday's sharp reaction from the 1.6710 high has seen daily inverted hammer develop on candlestick charts. This is a potential reversal signal and does leave a clear significant resistance at 1.6710 that would need to hold for a resumption of the underlying broader bearish trend. A break below
1.6500 would signal scope for 1.6450 a break of which would set the tone for weakness towards 1.6283 and the 1.6100 level. Agressive traders may want to sell a break of 1.6500 or wait for a retracement nearer 1.6710 for a more feasible strategic trade that could also see the USD weaken back to 1.5900.
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