 | |  | | SaxoBank 20日的分析,今天的还没有收到.
Published: Nov. 20 2003, 06:51 GMT
USD/JPY may pullback to 108.70/60, rallies to 110.00 thereafter; EUR/USD may fall to 1.1800, allow for further declines
FX Snapshots: Europe
EUR/USD may tick back up to 1.1930/40, but the sell-off from the 1.1980 top may extend further later in the day, and have a go at 1.1800. Break of 1.1800 suggests improved odds of further decline to 1.1700 later in the week. The second part of the scenario -- a final upmove to 1.2000 - 1.2020 -- does not seem to be forthcoming from here. We might just get an idealized correction to the lower 1.1700s in the next few days. Nonetheless, a new EUR uptrend is upon us, and strategy should accomodate this change. We will look for level to reinstate strategic long EUR/USD positions once the corrective phase of the 1.1383 rally goes low enough.
FX Snapshots: New York
EUR/USD did pullback to 1.1920 - 1.1900 in European trading, and so let see if the currency does the second part of the scenario -- a final upmove to 1.2000 - 1.2020. We still believe that firm resistance at those level should hold the currency back however, and we might see a bigger correction to the 1.1740 - 1.1700 area late in the week. We jumped the gun early on a more solid correction, but if resistance start appearing at 1.2000 area, then we might just get an idealized correction to the lower 1.1700s in the next few days. Nonetheless, a new EUR uptrend is upon us, and strategy should accomodate this change. We will look for level to reinstate strategic long EUR/USD positions once the corrective phase of the 1.1383 rally has gone low enough.
Euro/US Dollar
EURUSD (1.1921 @ 06:38 GMT)
EUR/USD may tick back up to 1.1930/40, but the sell-off from the 1.1980 top may extend further later in the day, and have a go at 1.1800. Break of 1.1800 suggests improved odds of further decline to 1.1700 later in the week. The second part of the scenario -- a final upmove to 1.2000 - 1.2020 -- does not seem to be forthcoming from here. We might just get an idealized correction to the lower 1.1700s in the next few days. Nonetheless, a new EUR uptrend is upon us, and strategy should accomodate this change. We will look for level to reinstate strategic long EUR/USD positions once the corrective phase of the 1.1383 rally has gone low enough.
Sell at 1.1940. Initial stoploss: 1.1990. Trading objective: 1.1800. |  |  |  |  |
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