US Dollar Is Weakened
26 January 2012 11:01:23 WIB
EURUSD
EURUSD entry the consolidation phase after bullish rally at yesterday trading session. The bias of EURUSD is likely flat testing the resistance at 1.31191. Technically EURUSD still potential to continue the strengthen aiming the resistance at 1.31639 if the resistance at 1.31191 penetrated. On the contrary be alert a short term correction to the support at 1.30743 until 1.30466 if the resistance at 1.31191 holds.
GBPUSD
GBPUSD on the hourly chart likely consolidated around 1.56419 to 1.56768. Technically the current bias of GBPUSD still likely flat, if one of those levels break this chance to trigger the further movement. Any breach the resistance at 1.56768 potential trigger the further upwards to 1.57117. On the contrary if the support at 1.56419 is broken, GBPUSD potential correction aiming the support at 1.56030 until 1.55640.
