Dynamic Pivots EUR/USD GBP/USD USD/CHF Average True Range High Band 1.2081 1.7623 1.3004 Matsys Resistance 1.2055 1.7581 1.2977 Pivot Point 1.2021 1.7524 1.2933 Matsys Support 1.1984 1.7486 1.2894 Average True Range Low Band 1.1956 1.7426 1.2859
Besides Greenspan testimony this Thursday, German ZEW Survey for July released at 09.00GMT today draws the biggest attention of traders this week. Expectations are for further improvement to a still very low reading of 22. At 12.30GMT US June-Housing data is due. In his interview, Mr Poole added a remark that he expected housing market strength âto fade in due courseâ, not certain he meant todays data, which is expected to show strong housing starts of 2050k.
Dynamic Pivots EUR/USD GBP/USD USD/CHF Average True Range High Band 1.2111 1.7464 1.3113 Matsys Resistance 1.2043 1.7438 1.3066 Pivot Point 1.1994 1.7401 1.3001 Matsys Support 1.1951 1.7371 1.2978 Average True Range Low Band 1.1929 1.7336 1.2944
Reversal Triggers - MACD Optimizer MACD - slow-fast-smooth EUR/USD 04-09-07 GBP/USD 05-12-08 USD/CHF 07-11-04
Part one of the Greenspan testimony is awaited this afternoon. Expect him to continue along the hawkish path, talking about the strengths of the current US economy and positive rate outlook. He wonât forget to put the finger on worries, such as housing (bubble) and risks of growing inflation due to rising energy prices. Euroland Trade Balance for May is due at 9.00AM GMT, the market expects slightly lower surplus of 1.2B.
Reversal Triggers - MACD Optimizer MACD - slow-fast-smooth EUR/USD 04-09-07 GBP/USD 05-12-08 USD/CHF 07-11-04
Dynamic Pivots EUR/USD GBP/USD USD/CHF Average True Range High Band 1.2192 1.7464 1.2966 Matsys Resistance 1.2144 1.7438 1.2921 Pivot Point 1.2092 1.7401 1.2900 Matsys Support 1.2055 1.7371 1.2855 Average True Range Low Band 1.2033 1.7336 1.2801
The Dollar lost too much value too fast last night, trading to key levels once more and also trading away from its highs without having established a lower EURUSD level. Presently just a touch below 1.22 key resistance which may hold for half a day or even longer, is set to give way and pave the way for 1.2335 or as high as 1.2635 later on.
Reversal Triggers - MACD Optimizer MACD - slow-fast-smooth EUR/USD 04-09-07 GBP/USD 05-12-08 USD/CHF 07-11-04
Dynamic Pivots EUR/USD GBP/USD USD/CHF Average True Range High Band 1.2291 1.7643 1.2878 Matsys Resistance 1.2256 1.7601 1.2834 Pivot Point 1.2201 1.7556 1.2788 Matsys Support 1.2155 1.7501 1.2733 Average True Range Low Band 1.2103 1.7476 1.2701