Forex Academy Quick Links:

Intraday Technical Analysis – January 10, 2008

Intraday Technical Analysis – January 10, 2008
Thursday, January 10th, 2008 @ 7:45 am by Bogdan Parascanu

Tuesday’s Jan 8th midday analysis -13.00 GMT

Euro traded just below the 1.4700 level for the better part of today’s session in expectation of the ECB rate announcement. Unless we see a major surprise there, the pair is expected to continue its downside move towards the 1.4600 level and lower.


GbpUsd retraced to the 50 Fibonacci line of the 1.9760/1.9560 down move and after the BOe announced that it’s keeping interest rates at 5.50% the pair spiked up but we are seeing it resuming the downtrend; first target is this mornings low at 1.9535 before breaking below the 1.9500 round number.


No Responses to “Intraday Technical Analysis – January 10, 2008”

No comments posted yet.

Leave a Reply

Submit Your Comment

Our Global Forex Community

Follow us on Twitter! Join us on Facebook! Watch us on YouTube! Stumble Us!


Next Free Forex Webinar

Free Market Commentaries


Blog Archive

Forex Links

Educational Partners

The Geek Knows
Traders' Magazine

Finance Blogs Blogarama - The Blog Directory