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Today's FX Outlook for Euro V US$
Tuesday, March 09, 2010
by Carol Harmer of Charmer Charts
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EUR/USD 1.3580 is the support we are looking at today. If we can hold this support and there is no reason we cant really, then we should see another go at resistance located at 1.3670/95. Within this resistance band you are looking to cover all longs. Sellers may be edgy and only come in if the short term stochastics become overbought. However they may attempt to 1.3725 and it is only above here that sellers will worry. If this resistance breaks then look for buyers to take this higher for 1.3800/20. As stated support is at 1.3580. If we lose 1.3550 there will be a bit more pressure on the downside with initially 1.3520/00 targeted. This support should hold and buyers will be evident. They will only worry if a loss is seen below 1.3490 as this would trigger slide to 1.3440. For the full report: www.technicalanalysisreports.com
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- Today's Outlook for E mini S&P and Dow Jones Futures. - Friday, February 10, 2012
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About the author
Carol Harmer has over 30 years experience of analysing and trading the world’s markets and is undoubtedly one of the most respected technical analysts in the world today.
Her career started in the early eighties, trading futures on the floor at LIFFE where she quickly discovered Technical Analysis as a way to maximise profits. She was one of the first traders on LIFFE to discover and study this form of analysis and quickly became widely recognised as an expert in its use as well as highly profitable.
This soon led to a position as Senior Technical Analyst for Midland Bank. She was later head hunted for the role of Manager of Technical Analysis for Nomura Bank and then as Head of Technical Trading at Credit Suisse. Carol is also one of the first T/A's from a bank to join the STA (The Society of Technical Analysts) in the mid 80's and has trained and worked with some of the UK’s leading technical analysts.
In 1996 Carol launched 'Charmer Charts' to train independent traders in technical analysis and became the first person to provide daily forecasts for the established traders on the LIFFE floor.
She returned to the floor, trading her own account, advising traders throughout the day and continued her appearances on Bloomberg, CNBC and Reuters financial TV where she provided her valued, expert opinion on the direction of financial markets.
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