EURUSD - Trends, Forecasts and Implications (Part 1) - page 816

[STA2066]

Tuesday, 29 December 2009
(MSC)				Forecast	Previous
10:45	France	3Q	GDP	+0.3% qoq -2.4% y/y	+0.3% q/q -2.4% y/y
17:00	USA	October	Case Shiller House Price Index	-7.1%	-9.4%
18:00	USA	Dec	Conference Board Consumer Confidence Index	53.0	49.5
N/A	Germany	Dec	Consumer Price Index (CPI) Harmonized Index of Consumer Prices (HICP)	+0.6% mom +0.7% mom +0.7% mom +0.7% mom	-0.1% mom +0.4% mom -0.2% mom +0.3% y/y

Could be cheerful

[Oleg]

Will 1.4415 break through or not? Who's intuition tells them what?

[Alexander Mostovnek]

Intuition says it will... I don't feel like it at all :(

[Oleg]

Your intuition doesn't seem to have deceived you...

Hit Fibo 138.

Next resistance on the Axel is 1.4445.

[Александр Шевчук]

A correction follows, and it looks like going further upwards.

[Александр Шевчук]

Who has any thoughts on further developments?

[Василий]

strangerr >> :
Who's thinking on further developments?

I think the dollar will go down-maybe slowly, volatile but the eu and gold up!!!!IMHO

[Александр Шевчук]

basile >> :

I think the dollar will go down-maybe slowly, volatilly-but the eu and gold are up!!!!IMHO

Agree

[[Deleted]]

It will surely go up, but the holidays prevented it from moving up. I said 1.7, then I corrected to 1.65, now I am not sure, maybe only to 1.58-1.6, but it may go higher. I will be careful after 1.5. As soon as indicators stochastic histogram and avesom oscillator begin to show a reversal, at 4 o'clock zero crossing, I will close.Now they have the second hump, the continuation of the trend and from zero they are high - indicating the strength of this trend. 15 minutes is a very good indicator of the day by Fibonacci lines. Today the level is 1.4430, above this level I think will not rise, but only today.

[[Deleted]]

The Americans have made more quid electronically, the printing presses are running non-stop too. It seems to me that the Chinese and the Europeans cannot cope with them. I understand that they are either not going to pay their debts at all, or only through temporary bending of the euras for the New Year holidays :)