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Research

eur/usd Technicals

Friday, 21 November 2008 14:30:18 GMT

Euro Technical Outlook

By David Rodriguez, Quantitative Analyst

eur/usd Fundamentals

Saturday, 22 November 2008 03:21:43 GMT

US Dollar May Finally See Breakouts During Volatile, Holiday Week

By John Kicklighter, Currency Strategist
Central Bank Interest
Central Bank Calendar
EURJPYGBPAUDCADNZDCHF  

Euro Dollar (EUR)

 ico-clock Current Time - Frankfurt: 8:10 AM | EST: 2:10 AM | GMT: 7:10 AM


SENTIMENT AND POSITIONING
SSI Positioning

EUR/USD Ratio: -1.04
Trading Forecast: Bullish


Full Article
COT Positioning

EUR: The index is at 0, indicating exteme pessimism.  The composite COT is at -71,158, below the former all-time low from July 2005 (temporary Euro low). 


Full Article
FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES
Most Recent Economic Releases Forecast Previous
EUR Bank of France Business Sentiment (OCT) 85 86 (R-)
EUR Euro-Zone Trade Balance (euros) (SEP) -6.0B -9.4B (R-)
EUR Euro-Zone Trade Balance s.a. (euros) (SEP) -5.7B -5.7B (R+)
USD Empire Manufacturing (NOV) -26.00 -24.60
USD Kansas City Fed's Hoenig to Speak on Regulation in New York
USD Industrial Production (OCT) 0.2% -3.7% (R-)
USD Capacity Utilization (OCT) 76.4% 75.5% (R-)
EUR Italian Trade Balance (Total) (euros) (SEP) -2500.0 -2151.0 (R-)


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Technicals - Support and Resistance for EUR
Support and Resistance Levels Interest Rate Outlook
Key Levels Strength Comments Timeframe Target
R4 1.3873 High 38.2% Fibo of 1.4874- 1.3260 Benchmark 3.25
R3 1.3500 Medium Psychological Resistance
R2 1.3300 High 10/30 High 1 Week 3.253
R1 1.2755 Medium 20-Day SMA 1 Month 3.816
S1 1.2500 Medium Psychological Support 3 Month 4.221
S2 1.2423 Weak Bollinger Band Support 6 Month 4.285
S3 1.2400 Weak Psychological Support 9 Month 4.324
S4 1.2329 High 10/28 Low 1 Year 4.355
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Euro Likely to Remain Under Pressure as Data Points Toward Aggressive ECB Rate Cuts