Menyimak komentar orang lain kadang2 perlu

Technical Summary by fxtechstrategy.com (25-10-2010)

A follow through higher on its hammer print on the daily chart continues to stall as EURUSD is slightly offered after testing a recovery high of 1.4194 today. We retain our short term bearish bias on the pair while the 1.4216/92 levels cap recoveries. GBPUSD may be strengthening after failing to follow through lower on its past week gains but as long as those gains currently seen hold below the 1.6234/39 levels and its short term declining trendline presently at the 1.6412 level, we expect the pair to weaken and retarget the 1.5892/30 levels in the days ahead. EURJPY continues to maintain its short term bearish structure following its failure at the 134.36 level and its subsequent declines. It has been hesitating after failing at the 128.12 during today’s trading session. Overall risk remains lower. EURGBP is currently seeing a back off higher level prices having failed to continue its corrective recovery initiated at the 0.8650 level last week. Threats are now seen for a decline towards that level and possibly lower. AUDUSD remains vulnerable to the downside and looks to head further lower towards its key supports located at the 0.8936 and the 0.8733 levels. It will have to break and hold above the 0.9173 level to avert its current weakness. USDCAD continues to maintain its recovery triggered off the 1.0219 level as it looks to move further higher towards the 1.0743 level. Our outlook on USDJPY remains the same as we expect weakness to extend towards the 88.30 level and beyond. CRUDE OIL though strengthening marginally is still biased to the downside as it eyes a test of its long term rising trendline currently located at the 72.90 level.

EUR/USD Technical Analysis by forexcrunch.com

EUR/USD dived thus week into a lower range. The new range is marked by 1.42 that was the support line for the previous range and 1.40 which is a round number and also worked as stepping stone for the Euro on its way up.

After losing 1.42, EUR/USD traded between 1.4029 and 1.4182, keeping some distance from the range borders.

Above, 1.42, 1.4450, the previous border of the range is another resistance line. 1.4626 is another resistance line above that, followed by a major point at 1.48, which was the border of the high range.

Looking lower, 1.3750 is a very strong area of support for the Euro. It served as both a clear support line and resistance line in the past. Even lower, I’ve added a new line on last week’s outlook – 1.3420 is the next support line, quite far for now.