1 February 2011 Euro/Dollar THV 4 Analyze
Posted by admin | Posted in Fibonacci FX Signals | Posted on 01-02-2011
Tags:
| 9:55am | EUR | German Unemployment Change | -11K | 3K | ||||
| 10:00am | EUR | Final Manufacturing PMI | 56.9 | 56.9 | ||||
| 10:00am | EUR | Italian Monthly Unemployment Rate | 8.7% | 8.7% | ||||
| 11:00am | EUR | Unemployment Rate | 10.1% | 10.1% | ||||
| 4:00pm | USD | ISM Manufacturing PMI | 57.8 | 58.5 | ||||
| 4:00pm | USD | Construction Spending m/m | 0.1% | 0.4% | ||||
| 4:00pm | USD | ISM Manufacturing Prices | 73.6 | 72.5 | ||||
| 5:15pm | EUR | ECB President Trichet Speaks | ||||||
| All Day | USD | Total Vehicle Sales | 12.8M | 12.6M |
Fore Factory News bring us pretty excited first day in February. I think that euro and dollar will dance a lot today.
4 Hours Chart:
Maybe we see some indicators for bullish movement but we are entering neutral trend, Trix is in neutral zone, RSI is 72.
Hourly Chart:
Trend on this hourly chart is strong bullish, will that mean it will continue we will see, Trix have dropped out from overbought zone and is now in green zone, RSI is still high 79.
30 Minute Chart:
Bullish trend, Trix in neutral zone, RSI is 69.
5 Minute Chart:
Bullish trend, heading towards overbought zone but still in green zone, RSI is 60.
PLAN:
We are near yesterdays high and it looks like by trends that we will breach it, then we can look for more bullish movement. But before we breach yesterday high we need to breach our first resistance line at 1,37313, we are at the moment above it but for just 20 minutes.
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