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Jul1
Forex Technical Analysis for Wednesday, July 1st, 2009
Filed under: Forex Analysis; Tagged as: Daily Forex Analysis, Daily FX, Forex Broker, Forex Online, Forex Trading, Technical FX analysisDaily Forex – Day Trading FX
Currency
Daily stance
Analysis
EURUSD 0/- 1.4135 looks key resistance. Abv sees 1.4200-25, holding below puts 1.4000-25 in focus. EURJPY 0/- Suppt at 134.80-90 needs to hold for 136.0 again, else 132.60 beckons. USDJPY 0/- Seen capped at 96.35. Look to sell rallies for a re-test of 95.0. Stop abv 96.65. GBPUSD 0/- 2009 high at 1.6660 may cap again. Sell there, stop abv 1.67 for 1.6425 target. AUDUSD 0/+ Prefer to buy dips again near 0.8075 for push abv 0.8125 for 0.8230-40. Forex Options Trading
FX-Options
Analysis
EURUSD Saw several buyers of Thursday and Friday options Monday and more uncertainty about Thursday’s NFP and ECB is to be expected. Also EUR calls were being paid suggesting higher spot on a weekly term. USDJPY Also here market as expected shown interest in Thursday and Friday options, both upside and downside, so no clear spot signal here. We see the Thursday and Friday options as overvalued and the spot as ranging, so if the options trader sit tight, it might be worth it to sell front end options.
One Response to “Forex Technical Analysis for Wednesday, July 1st, 2009”
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Wow! Thank you! I always wanted to write down in my site something like that. Can I take chunk of your post to my blog?
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