Dynamic Pivots

08/02 01:30 GBP/USD BUY 1.7706 1.7712 08/02 02:37 6
08/02 01:16 EUR/USD BUY 1.2207 1.2209 08/02 02:41 2
08/02 00:33 USD/CHF SHORT 1.2771 1.2764 08/02 02:57 7
08/02 04:12 GBP/USD BUY 1.7723 1.7711 08/02 04:28 -12
08/02 05:52 GBP/USD SHORT 1.7698 1.7697 08/02 07:26 1
08/02 07:08 USD/CHF BUY 1.2779 1.2761 08/02 07:29 -18
08/02 07:35 USD/CHF SHORT 1.2745 1.2741 08/02 08:19 4
08/02 07:35 GBP/USD BUY 1.7711 1.7722 08/02 08:53 11
08/02 07:34 EUR/USD BUY 1.2217 1.2221 08/02 09:19 4
08/02 12:31 EUR/USD SHORT 1.2207 1.2221 08/02 12:37 -14
08/02 12:32 USD/CHF BUY 1.2748 1.2730 08/02 12:42 -18
08/02 12:31 GBP/USD SHORT 1.7718 1.7734 08/02 12:48 -16
08/02 12:48 USD/CHF SHORT 1.2718 1.2724 08/02 13:05 -6
08/02 12:43 EUR/USD BUY 1.2226 1.2221 08/02 13:06 -5
08/02 13:06 USD/CHF BUY 1.2732 1.2768 08/02 17:06 36


Daily result on Matsys T: -36 pips
 
A dollar recovery overnight and better EUR/USD buying levels for Europe
at the Wednesday open. German buying in the 1.2160-70 area runs contra
to the M&A news that emerged overnight. Adidas is reportedly buying
Reebok for USD 3.8 bln. On going buying of EUR/USD by Asian and East
European central banks along with oil exporter demand plus improving
economic fundamentals has given the EUR a new lease of life in recent
sessions. With higher US rates pretty much factored into the dollar it
is going to take a fresh bout of strong US numbers or a clearer
indication of how high rates are likely
to go before The USD rallies again. For the remainder of this week much
depends on Friday"s payroll numbers but even this data will have to
exceed positive expectations to underpin a fresh dollar rally. Through
early London EUR/USD blasted through offers at 1.2230, hit stops at
1.2260 and ran all the way to 1.2320. Middle East demand coincided with
better than expected Eurozone retail sale and PMI data. The next
resistance point and bull target is at 1.2350, the failure high from
June 8.
 
08/03 06:24 GBP/USD BUY 1.7682 - Closed 1.7697 07:39 15
08/03 08:43 GBP/USD BUY 1.7734 - Closed 1.7801 10:50 67

Total (2 lots): +164 pips



Chart with Dynamic Pivots on GbpUsd:
 

Attachments

Special comment (headline)


Eur Technical strong resistance

On daily basis , 4/21/05 High 1.3124, low 1.1857,
fibo retracement 0.382=1.2341. We don't expect any break,
before NFP and FOMC.
 

Attachments

On daily basis resistance GgbUsd, we got 1.7836.


On daily basis support UsdChf, we got 1.2618.


On daily basis resistance EurUsd, we got 1.2341.
 
08/03 06:24 GBP/USD BUY 1.7682 1.7697 08/03 07:39 15
08/03 08:43 GBP/USD BUY 1.7734 1.7801 08/03 10:50 67
08/03 06:21 EUR/USD BUY 1.2178 1.2308 08/03 10:58 130
08/03 06:24 USD/CHF SHORT 1.2781 1.2668 08/03 11:04 113


Daily result on Matsys T (2 lots): +650 pips
 
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