Thu, Mar 27 2008, 10:14 GMT
by Timothy Straiton
Current level at 11:13 CET is 157.18, trading above the daily pivot point level of 156.65 with moves to the downside faltering at the hourly Ichimoku cloud top, currently at 156.06. Oscillations of over 3 percent within the last 5 trading days reflect the uncertainty clouding this market. The daily outlook remains bearish with the falling 200 day moving average at 161.42 and the falling 55 day moving average at 157.28. This currency pair is now eating its way into the daily Ichimoku cloud which is bracketed by 156.40 and 159.40. A consistent break above the cloud would improve the overall technical picture and set focus on the 161.50 level which represents the Fibo 61.8 percent retracement level of the 149.27 - 169.04 range. Whether upside potential above the 161.50 level exists remains to be seen. Pivot point related resistance levels for today are at 157.62 and then 158.44. Support levels are at 155.84 and then 154.88.
Tidak ada komentar:
Posting Komentar