Market Expectations: EUR/USD

Note: This section contains information in English only.
Source: Dukascopy
Daily maximum: 1.3534
Daily minimum: 1.3423

The Euro-Dollar pair moved lower today as the American economy showed signs of growth: unemployment claims declined to 388K versus expected 396K and buildings permits rose to 0.65, more than the 0.60M estimate.

Resistance 1 at 1.3523 has been breached, clearing the way to last two resistances at 1.3607 and 1.3742; all support (1.3388; 1.3337; 1.3202) levels remained intact. The market stance remains strongly bearish for Thursday.
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Thu, 17 Nov 2011 17:02:21 GMT

Market Expectations: EUR/JPY

The common European currency inched lower today versus the Japanese Yen and pierced the market mean at 103.81 as worries over the EU debt crisis caused investors to seek for safe-havens.

Thu, 17 Nov 2011 08:15:50 GMT

EUR/USD is soon to close below 1.3380/60

The currency pair is closing in 1.3380/60, which is to provide temporary support for the price. After some time it is expected to be pushed through, clearing the way to subsequent levels at 1.3145 and eventually 1.20.

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