Feedback
Feedback
TFIFX | Trade Forex with Success | Online Forex Broker
A TFI Markets Service
Secure Login
FX Accounts
SUBSCRIBE Today
FREE Forex Market News

Forex News - Daily

 Open Account
Euro slightly higher but gains seen limited
Monday, 12 November 2012 18:00 GMT+2
 Eur/usd trades slightly higher today after Greece’s ruling coalition secured enough support in parliament to approve the 2013 budget despite protests in Athens. Gains in the common currency are seen limited as euro zone finance ministers meeting today are not expected to release fresh bailout funds for Greece just yet due to the many issues that remain open. The US dollar is steady near a two month high against a basket of currencies as concerns about the US fiscal cliff has seen flows into the greenback.
 
Technical Analysis
Currency Pair EUR/USD GBP/USD EUR/GBP USD/JPY EUR/JPY EUR/CHF DOW
Resistance 2 1.2790 1.5980 0.8075 80.60 102.15 1.2100 12915
Resistance 1 1.2760 1.5925 0.8040 79.80 101.25 1.2070 12840
Market   1.2720 1.5880 0.8005 79.40 101.00 1.2020 12770
Support 1 1.2690 1.5850 0.7975 79.05 100.15 1.2000 12700
Support 2 1.2640 1.5770 0.7920 78.60 99.60 1.1970 12660
 
 
Trade Idea
 
GBPUSD Daily chart
 
The pair is approaching strong support at 1.5850 area where the 200 day moving average and the ascending trendline are met. A long could be attempted with a tight stop below.

 
Disclaimer • Risk Warning
This document should not be relied upon as being an impartial or objective assessment of the subject matter and is not deemed to be “investment research” as defined by the applicable law. This document has been issued by TFI FX only for information purposes and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action.

Internet communications are not secure and therefore TFI FX does not accept legal responsibility for the contents of this message. Any views or opinions presented are solely those of the author and do not necessarily represent those of TFI FX unless otherwise specifically stated.

Trading in financial instruments may result in losses as well as profits. Trading in leveraged instruments can result in loses greater than the initial invested capital.

TFI FX is a trading name of TFI Markets Ltd.TFI Markets Ltd is licensed by the CySEC for the provision of Investment Services, CIF 117/10 and by the Central Bank of Cyprus for the provision of Payment Services, license no. 115.1.2.13.
Rate this Article:
Risk Warning: Trading in financial instruments may result in losses as well as profits. Trading in leveraged instruments can result in loses greater than the initial invested capital. Forex and CFDs are leveraged products and involve a high level of risk. Clients could lose more than their invested capital. These products are not suitable for everyone and clients are advised to seek independent advice, if necessary, in order to ensure that they understand the risks involved. Read Full Risk Warning.
Terms of use    Legal Documentation    Auditors    Disclaimer    Sitemap    Careers    Contact
Secure Site | Login Back to Top
ABOUT  FX TRADING
ACCOUNT TYPES
PLATFORM & PRODUCTS
MOBILE FX TRADING
FOREX NEWS
FX EDUCATION 
  Regulated by:
CySEC
Licenced by:
CBC
Governed by:
MiFID
Registered with:
AMF
Registered with:
BaFin
 

TFI Markets Ltd © 2013 TFIFX is a brand name of TFI Markets Ltd Licenced under the Central Bank of Cyprus. licence no. 115.1.2.13 Authorised and Regulated by the CySEC, CIF 117/10.