Today Analysis : wednesday 21.06.06
EUR/USD - Euro Dollar
Short term (Intraday)
1,2627. EUR USD broke 1,2600 resistance. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should continue to consolidate. The price should continue to move in 1,2540 / 1,2660 range. We won't take a position. The risk/reward ratio is too low to take a position..
Resistances
1,2630 - 1,2650 - 1,2675
Supports
1,2600 - 1,2585 - 1,2550
USD/JPY - Dollar Yen
Short term (Intraday)
114,73. USD JPY is in an uptrend supported by 4H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The price is just above 114,50 support. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price has a good probability to go up. The target is expected at 115,70.
=> We could take a long position at 114,60. We will put the stop loss below 114,30 (-30 pips). The targets are 115,30 (+70 pips) 115,70 (+110 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
Resistances
114,80 - 115,00 - 115,30
Supports
114,65 - 114,40
Today calendars :
MBA Purchase Applications
[Bullet] 7:00 ET
EIA Petroleum Status Report
[Bullet] 10:30 ET