wielka d...a i kamieni kupa, kolejne dni wyczekiwania
EURO-DOLLAR: The euro, at $1.3423, continues to hold in a tight $1.3416 to
$1.3433 range, and players are not hopeful of a larger breakout until later in
the week, potentially in response to the ECB statement and Draghi press
conference. Last week's clear-cut break below $1.3400, with extension to
$1.3367, coupled with other topside breakouts of key dollar resistance levels
had market players thinking that perhaps this was the start of the long-awaited
larger dollar rally that has been expected for many months, if not years. A
decisive break above Friday's peaks near $1.3445 (offers $1.3445/50, more offers
at $1.3460, then stops) would get euro bears thinking that the latest push lower
may have been just another false start.
EURO-DOLLAR: MNI Fundamental levels (orders, options, technicals),
*$1.3500-10 Medium offers/Stops
*$1.3490 Stops
*$1.3475/85 Strong offers
*$1.3460 Strong offers/Stops
*$1.3445-50 Strong offers/$1.3445 Aug1 high post NFP
*$1.3433 Int.Day high Asia(initial NFP react high)
*$1.3422 ***Current mkt rate 1314GMT Monday
*$1.3416 Int.Day low Europe, Asia $1.3418
*$1.3400 Medium demand
*$1.3385 Pullback low off initial NFP react $1.3433
*$1.3379-71 Aug1-Jul31 lows
*$1.3366 Jul30 low (fresh 2014 low/post US GDP)
*$1.3360/50 Strong demand/$1.3359 100-wma/$1.3350 Barrier/Stops
*$1.3342-41 1.618% swing proj $1.3366/1.3405-T.Line off Apr4
*$1.3320 Medium demand