Mon, Sep 7 2009, 15:00 GMT
FXstreet.com (Buenos Aires) – Dollar remains under pressure as Wall Street futures remain strongly up despite U.S. holidays. S&P reached 1022.15, while DJIA futures reached 9484, both approaching to the year high. Majors remain trading in a tight range, as volume remains extremely low, and likely to extend until next Asian session opening.
EUR/USD quotes around 1.4335, trapped between 1.4320/1.4360 range; GBP/USD failed to regain the upside and turned slightly bearish after breaking under 1.6400; Swiss Franc continues hovering around 1.0600 area, and despite the bearish tone, more falls seem still limited in the pair. USD/JPY consolidates at 93.00 after breaking a daily descendant channel, yet needs to move above the 93.40 area, to extend the rally and gain some upside strength.
EUR/USD quotes around 1.4335, trapped between 1.4320/1.4360 range; GBP/USD failed to regain the upside and turned slightly bearish after breaking under 1.6400; Swiss Franc continues hovering around 1.0600 area, and despite the bearish tone, more falls seem still limited in the pair. USD/JPY consolidates at 93.00 after breaking a daily descendant channel, yet needs to move above the 93.40 area, to extend the rally and gain some upside strength.
EUR/USD (Sep 07 at 15:40 GMT)
1.4334/39 (0.20%)
H 1.4363 L 1.4299
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.4262 | 1.4298 | 1.4333 | 1.4344 | 1.4379 | 1.4415 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bullish | Neutral |
| Data updated on Sep 07 at 15:35 (15-minute timeframe) | |
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