Wednesday, February 9, 2011

Forex news fundamental analysis:U.S. dollar and Japanese Yen continue to fall

We have witnessed the decline of the dollar the third consecutive day against the major currencies during the Asian session, along with the Japanese yen, which also fell against other major partners.
The euro rose against the dollar during the Asian session, trading between the maximum and minimum of 1.3654 1.3611. Couple faces resistance 1.3680, while the daily Momentum points to trade into oversold region and gives buy signals.
The pound rose slightly against the dollar during the Asian session, trading between the maximum and minimum of 1.6076 1.6048. Couple faces resistance 1.6100, while the full-time and four-Momentum points to trade into oversold region.
The dollar / yen has grown during the Asian session, trading between the maximum and minimum of 82.49 82.24. Couple faces resistance 82.60, while full-time and four-Momentum points to trade in the overbought area.

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