EURUSD Forecast Feb 04 - 08

The Blue Continent Currency broke through a major resistance, AT(yellow), last year’s high, 1.3485 , with gusto and closed at 1.3654 . Technically, an extended rally is likely to happen even though, fundamentally, the EU is not yet stabilized. The RVI is indicating a pullback which should bring the Euro down to test the critical support which was the major resistance, 1.3485 . A strong momentum, though, shall have an added strength to this support, which in turn shall bring up the Euro to break a new monthly high. When the European bulls come out to play, we can expect 1.3826 and 1.4035 as the next primary targets.

Matauang Benua Biru dengan gagahnya melewati resistan utama, AT(kuning), level tertinggi tahun lalu, 1.3485 , dan menutup perdagangan di level 1.3654 . Secara teknikal, reli kelanjutan akan berlaku walaupun, secara fundamental, kelompok EU belum stabil. Indikator RVI menunjukkan suatu pullback akan berlangsung, dimana ia akan menurunkan Euro ke level support kritis yang tadinya adalah resistan utama, di level 1.3485 . Tetapi dengan momentum yang beringas akan menambah kekuatan terhadap support ini sehingga Euro sangat berpotensi untuk mencatat level tertinggi bulanan yang baru. Apabila para banteng Euro muncul dan bermain, maka kita akan melihat beberapa sasaran utama di level 1.3826 dan 1.4035 .