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What will happen in the American session?

Posted on November 21, 2008 at 14:25 in Short-Term Analysis by Valeria Bednarik

In a few minutes, Dow Jones will open, and the index is weighting to much to be ignored: being at this lows, is expecting to open to the upside, mostly to due to the financial giant Citigroup, that is considering putting itself on the block. That will probably mean the Euro will find some strength to continue to the upside in the short term, and seems above actual maximum we could see the pair running to 1.2680. The pair Usd/Jpy will probably also move to the upside, being 95.50/60 the first important resistance level to consider. On the other hand, i see Gbp too week to even attempt to rise, but you now, maybe will follow the crow. Of course, if Dow Jones breaks to the downside, again consider that Usd dollar and Japanese Yen, will be the overall winners. I will try to add short posts as long as I see interesting options in the market!

Tags: Euro, gbp, Jpy, Usd

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