EURO/USD Morning Session

Rate not capable to go forward yet but dips are bid; two-way buy and sell and whipsaw effect in a slight technical fresh low however; bids are all set on dips. Traders note down macro accounts selling the price; most possible they are behind. Stop loss is suggestive but bottom selection still tried by near the beginning longs. Traders’ statement offers in size being riveted but whipsaw unlikely frightened out both side the past two days. Movements turn out to high print on excellent volume but low still not safe. Likely stop loss rolled downward around the 1.4400 region has cleared parting the price vulnerable to retracement. Likely, a tiredness fall as the price is attracting qualified buying. Rate is unpaid for a short press. Traders signifying that the price is trading in principle. Market is profoundly short at the present so wait for a rally. Rates continue to track Cable and vice-versa. Now that extra stops cleared, a turning round advanced is yet more probable. US statistics this week likely to be distant so be prepared for more whipsaw.

EURO/USD Daily
R3:  1.4280
R2:  1.4250
R1:  1.4220
Latest New York:  1.4111
S1:  1.4050/60
S2:  1.4000/10
S3:  1.3960

The Euro/USD photograph is bearish.
Analysis name: Euro-Dol
Previous close:
1.41190
1.41070
Previous status id: in progress
Previous status text: In progress.
Present date: 2008-09-10 05:53:13
Present title: Direct drop.
Present directional id: down
Present directional text: Bearish
Present reward id: excellent
Present reward text: Excellent
Present abstract text: The picture is bearish.
Present plan text: We sell.
Present picture preference: Put up for sale at 1.4179 to play 1.3977. Close up the trade when 1.4237 is bypassed.
Indicator: 1.4179
Conf. :0
Target :1.3977
Stop :1.4237