Posts Tagged ‘inventories

06
Aug
08

Eurusd daily analysis

No news today.  It will be a technical-analysis only day.  Beware : Crude Oil inventories are due today @ 10:35amET.

EURUSD Daily Supports and Resistances

S1= 1.5404

R1= 1.5534

CCI is oversold on the daily chart but 50 moving average have finally turned negative.  It might mean that there will finally be a breakout from the 1.53-1.60 box we’ve been in since February.  Given that no bottom was formed, wait for an CCI overbougth area on the 5 min chart to short the cross.

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