EUR/USD Technical analysis

[tgamin]

EUR/USD 10th November 2008.
1) Short-term Intraday analysis.
Today’s trading range is within 1.28-1.29 any confirmed movements (hourly closing) out of this range may show a new trend development.
Uptrend gains should leave us with EUR/USD with a bottom at 1.274-1.2755.
First support level is 1.28
Intraday sentiment: Neutral


2) Weekly perspective.
1.3 is the resistance level to be approached first on the way back to 1.6 levels. Upward directions have a bottom line at 1.27-1.29 for the coming 10 days.
22/11/8-26/11/8 is the crucial for the breakout out of 1.3 levels.
Intraday sentiment: Neutral

[tgamin]

EUR/USD 12th November 2008.
1) Short-term Intraday analysis.
1.257 is a 1 month support/resistance level for Euro. Current trading range is within 1.25-1.257. Any movements out of this range could be considered as a new trend.
Intraday sentiment: Neutral


2) Weekly perspective.
From a daily perspective, we could see a continuing downtrend from 1.48. Weekly closing above 1.257 may possible tell us about stabilization of EUR/USD.
Daily sentiment: Neutral

[tgamin]

EUR/USD 18h November 2008.
1) Short-term Intraday analysis.
We see an uptrend movement by Euro from 1.24 up to 1.263 levels along with continuing downtrend from 1.32. 1.265 is a cross-trend point. Further gains above 1.265 levels will signalize about uptrend movements.
Intraday sentiment: Neutral


2) Weekly perspective.
1.254 is a point of cross-trend movements. Euro has stabilized within 1.25-1.297 range. Based on Trumpgain Euro signal data 12H volatility has tripled for the past 2.5 months. That means a high level of instability on the market. We are looking for coming back to 83 pips average High-Low 12 Hours movements in the coming months.

[tgamin]

EUR/USD 10th December 2008.
1) Short-term Intraday analysis.
EUR/USD is in uptrend movement now from 1.26 levels. 1.3 looks like a very strong resistance level now. Any confirmed breaks above this level could trigger vast gains further to 1.4 levels.
Intraday sentiment: Bullish


2) Weekly perspective.
Current trading range is 1.25-30.
Daily sentiment: Neutral