Key Technical Levels The 200- Day SMA at 0.6870 could prove as formidable
support, limiting downside risks for the pair. The technical indicator is also
converging with the 38.2% Fibo of 0.5487-0.7637 which reinforces the level
potential. Current sideways range bound price
Key Technical Levels The 20-Day and 50-Day SMA’s converging at 1.2580 offer a
resistance level while the 61.8% Fibo of 1.2326- 1.2771 at 1.2497 could limit
downside risks. The current descending trend channel will give scalpers target
levels to enter and exit
Fundamental Headlines • Tech Spending Bounces Back – Wall Street Journal •
Greece, Portugal Woes Intensify – Wall Street Journal • Sovereign debt fears
rattle investors - Financial Times • Bank of England to Pause Bond-Purchase
Plan, Keeps Open Option to Buy More –
Fundamental Headlines • Data Hit Hopeful Notes for Economy– Wall Street Journal
• Australia Holds Rates Steady – Wall Street Journal • Obama looks to target
overseas tax breaks- Financial Times • BP Predicts Slow, Gradual Recovery After
Profit Misses Analysts' Estimates
Fundamental Headlines • Data Hit Hopeful Notes for Economy– Wall Street Journal
• Australia Holds Rates Steady – Wall Street Journal • Obama looks to target
overseas tax breaks- Financial Times • BP Predicts Slow, Gradual Recovery After
Profit Misses Analysts' Estimates
