Posts Tagged ‘initial bias’
EUR/USD Weekly Outlook
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Sunday, 13 February 2011 21:11
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EUR/USD’s break of 1.3510 support last week indicates that whole decline from 1.3860 has resumed. Initial bias remains on the downside towards 100% projection at 1.3393 and possibly below. However, we’d remain cautiously bullish in EUR/USD as long as 1.3253 cluster support (61.8% retracement of 1.2873 to 1.3860 at 1.3250)

 
USD/JPY Weekly Outlook
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Sunday, 13 February 2011 21:11
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USD/JPY’s rise from 81.12 extended further to as high as 83.66 last week. Initial bias remains on the upside this week. Sustained break of 83.67 resistance will confirm out bullish view that rise form 80.93 is resuming and should target 84.49 resistance first. On the downside, below 83.19 minor support

 
USD/CHF Weekly Outlook
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Sunday, 13 February 2011 21:11
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USD/CHF’s rise from 0.9329 extended further last week and is back pressing 0.9782 resistance. As noted before, rebound from 0.9300 should be resuming. Initial bias remains on the upside this week and sustained break of 0.9782 will pave the way towards 1.0065 key resistance next. On the downside, below 0.9678