Technical Report

Friday May 10 , 2013 07:53 GMT

Latest technical updates EUR/USD European Session The pair dropped sharply yesterday and is trading again below significant resistance levels 1.3115 and 1.3080 Friday May 10 , 2013 06:22 GMT GBP/USD European Session The pair dropped sharply yesterday after failing again to breach 50% correction at 1.5590 shown on graph Friday May 10 , 2013 06:33 GMT USD/JPY European Session The pair moved sharply to the upside and breached 99.85 resistance to extend the upside move Friday May 10 , 2013 06:49 GMT USD/CHF European Session The pair moved to the upside now above key resistance level of the descending channel Friday May 10 , 2013 06:56 GMT USD/CAD European Session The upside move might extend if the pair holds above 1.0015, trading above this level might test 38.2% correction of CD Leg Friday May 10 , 2013 07:18 GMT AUD/USD European Session AUD/USD broke the bottom of the sideways range, the trend that dominated trading since June, 2012. Friday May 10 , 2013 07:28 GMT NZD/USD European Session The NZD/USD pair is being traded around the support at 0.8355, which is key interval for Friday's trading. Friday May 10 , 2013 07:37 GMT Gold European Session Update We remain on neutral. Friday May 10 , 2013 06:14 GMT Silver European Session Update We prefer to remain on the sidelines awaiting a clear breakout. Friday May 10 , 2013 06:19 GMT WTI Crude Oil European Session Update Unless we see a clear break above 98.00 we will continue to anticipate a deeper downside move. Friday May 10 , 2013 06:25 GMT EUR/GBP European Session Update We prefer to remain on the sidelines. Friday May 10 , 2013 07:03 GMT EUR/JPY European Session Update We remain bullish as there could be further room to the upside. Friday May 10 , 2013 06:57 GMT GBP/JPY European Session Update We maintain our bullish expectations for the pair. Friday May 10 , 2013 06:46 GMT

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