Technical Analysis 11/10/2010 FXCBS

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Monday October 11 , 2010

Previous session overview

The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.39260 and the highest level at 1.40112, the pair trading now around the level of 1.39331.

Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.59134 and the highest level at 1.59623, the pair trading now around the level of 1.59363.

Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest levels at 81.373 and the highest level at 82.140 , the pair trading now around the level of 82.060.

Market Expectations

EUR/USD : We expect a decline for the pair Euro against the U.S dollar today to the level of 1.38800 then to main support level of 1.38400, determined indicators show strong saturation in the purchasing process which supports our expectations.


[b]
GBP/USD : The pair Sterling against the U.S. dollar couldn