Aug 26
Euro Dollar Some minor support and resistance levels have developed. A break of those
levels is likely to set the tone for the day.
A rise above 1.4360, especially if confirmed by a push above 1.4375,
indicates a further move higher. Resistance is expected near 1.4400,
1.4440-1.4450, and by 1.4530.
A drop below 1.4320 will gravitate towards 1.4300. If it holds up well,
expect movement back towards 1.4360. Support beyond 1.4300 is
1.4280-1.4270, 1.4200 and 1.4160.
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USD/JPY - Short-term Trend Change
Last week ended with a bullish engulfing pattern (daily chart), indicating
stregnth to the upside early …