Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets.

Visit Advisor Weblog

Majors Update

Posted on June 30, 2008

Eur/usd is quoting around 1.5810, and despite the pair is overbought, and technical divergences in 4 hours charts, the pair seems far for turning even in a small correction for now. Firs resistance for today will be the zone around 1.5845, followed by 1.5891 and finally 1.5920. Under 1.5789, the pair will find supports at the zone around 1.5750 and finally 1.5710. GBP/Usd remains more clearly bullish, ready to test 2.00: the pair will find an intermediate resistance around 1.9965, that if broken will take the pair to 2.0000 followed by the strong zone around 2.0040. Supports from ...

Original article link


yen