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EUR/USD – A short term view

  • February 7, 2010 11:13 pm

If you have read my earlier posts on the EUR/USD you will know that I have a 1.27 target on the pair, for sometime in the first half of 2010.  I realize that that is fairly useless from a trading perspective.  I have therefore put together a much shorter term analysis…

EUR/USD

EUR/USD

The above chart shold show the primary support and resistance levles to 1.27.  Good Luck!

Update on EUR/USD

  • February 7, 2010 10:35 am

Target remains 1.27, updated chart below:

EUR/USD

EUR/USD

AUD/USD

  • January 31, 2010 5:32 pm
AUDUSD

AUDUSD

Although we may get a bounce upto 0.91,  I expect this currency to drop to 0.72 (with a pause around 0.8)

Next

Eur/USD initial 1.387 target reached

  • January 30, 2010 12:58 pm

First lets do the updated charts..

EUR/USD

EUR/USD

And the 60 day chart..

EUR/USD

EUR/USD

As you can see, we stopped around 1.387.  Next week should be interesting.  We are still holding on to our 1.27 target for this year.