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Forexpros.com Daily Analysis - 01/09/2009

Discussion in 'Market Predictions and Reports' started by Forexpros04, Sep 1, 2009.

  1. Forexpros04

    Forexpros04 Forexpros Representative

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    Forexpros Daily Analysis Sep 1, 2009

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    Euro Dollar

    Current movement is maintained within the larger range. A rise above 1.4370 will target 1.4400. A move above could reach 1.4540, but resistance is likely 1.4440-1.4450.

    Support is above 1.4300 with a break below likely to test 1.4260. Further support is 1.4220-1.4200.

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    USD/JPY

    Resistance is 93.20-93.30. A break above indicates a move to 93.70. A false breakout will likely result in further USD weakness. Weakness is indicated by a drop below 92.80 and would be confirmed by a drop below 92.50.

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    Forex trading analysis by Forexpros - Written by Cory Mitchell

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