Powered By

Breaking News

Technical Major Currencies


Technical Tips

Show PreviouseShow Next  

Publish Date28/12/2012 06:37:38 AM

Last Update28/12/2012 06:43:09 AM

European   Session

The pair barely moved since yesterday, traded within a very tight range as volume levels get thinner. In general, the technical picture hasn’t changed, as price continues to consolidate below the main ascending trend line and 50-days SMA. Accordingly, we maintain our previous negative expectations for the pair.

The trading range for today is among key support at 1.0290 and key resistance at 1.0400.

The general trend over short term basis is to the downside below levels 1.0710 targeting 0.9400.

Previous Report 

Weekly Report

RecommendationBased on the charts and explanations above we recommend selling the pair below 1.0400 targeting 1.0350 and 1.0290. Stop loss above 1.0450


Member Account Required
You must be registered as a member of the forums and logged into your account to post messages. If you do not have a member account, please Sign In or Register.
United States
Asia Pacific
Economic Calendar
Holiday Calendar
ECB Calendar
Feds Calendar
BoE Calendar
Boj Calendar
Top News
FX Updates
Market News
Global Highlights
Political News
Around the World
At A Glance & Video Commentaries
Market Pulse
Press Releases
About Us
Contact Us
Privacy Policy
Terms of Services

Risk Disclaimer : All information on this page is subject to change. The use of this website constitutes acceptance of our Privacy Policy and Terms of Service. Please read our Privacy Policy, Risk Disclaimer, Terms of Services and all legal disclaimers. Please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone.

Opinions expressed at ICN.com are those of the individual authors and do not necessarily represent the opinion of ICN.com or its management, shareholders, affiliates and subsidiaries. ICN.com has not verified the accuracy of any claim or statement made by any independent writer and is reserved as their own and ICN.com is not accountable for their input. Any opinions, news, research, analysis, prices or other information contained on this website, by ICN.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ICN.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market prices, meaning prices are indicative and not appropriate for trading purposes. ICN.com does not bear any responsibility for any trading losses you might incur as a result of using this data.