|EUR-USD @ 1.4400/23...Breaches Max High for day.|
|R: 1.4443-61 / 1.4515 / 1.4562-91|
S: 1.4353-33 / 1.4259 / 1.4138
The Euro has risen sharply during the day and may rise towards 1.45 over the next couple of days. For US session today, it may find Support at 1.4353-33. Today, it has already breached the Projected Max High for the day at 1.4394.
We had earlier exited out of the Long at 1.4381 bagging 86 pips. We continue to maintain that dip should be seen as a buying opportunity.
Limit Buy Order:
|USD-JPY @ 92.85/88...Support in 92.50-35 region|
|R: 93.00 / 93.40-60 / 94.35-60|
S: 92.50-35 / 91.80-60 / 91.35
After rising and recording a high of 93.21, Dollar-Yen has fallen once again and is now trading below 93. Our view continue to remain the same on the pair. Though it failed to sustain above 93 during the day, with immediate Support in 92.50-35 region, we still see good chances of a rise towards the Resistance region 93.40-60 in the coming sessions. Note that the projected Max-High for the day is 93.67. This 93.40-60 is a very significant and strong Resistance region seen on the upside and we might expect a pull back from this level towards 92-91 over the next few days/weeks. However, a strong break above 93.60 might increase the chances of a further rise towards 95.00-50.
On the other hand if it continues to trade below 93, a break below 92.35 might pull it down towards 91.80-60.
|EUR-JPY @ 133.72/77...May target 135|
|R: 134.08 / 134.75 / 136.36|
S: 133.10-132.88 / 132.22 / 131.91
The Cross has again risen on the back of strong Euro. The expected fall towards 131.50, did not happen and the pair took Support of the 8-DMA (132.21) to stage a rise. Till this Support continues to hold, the pair may rise further towards 135. The Projected Max High and Low for the day is at 134.08 and 131.91 respectively.
The Long term oscillation between 127-139 continues to happen. It having seen a low of 127.30 on 18-Dec is now likely to move towards the upper end of the range. Going step-by-step 135 is the next target.
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