Daily Fundaamantal Report18.2.2009

We have started this week in a halo of fear seized investors on heightened recession in the world's major economies, in addition to the deepening economic recession has led to an increase in cases of bankruptcy of the banks in the United States for up to 13 bank since the start of this year, this is compounded by the investor concerns about the increased number compared with the number of bankruptcies in the banking sector by about 25 U.S. Bank in 2008.
The U.S. dollar moved upward against a basket of major currencies, the highest level not seen since the ten weeks, with the greatest impact is the reluctance of investors to trade in return as well as improved cash flow indicator in the U.S. economy, which was more than expected, prompting the major currencies others, such as the euro and the pound sterling towards the gradient.
The euro was opened today at the $ 1.2628 level and then went to the descend to the lowest level since 10 weeks but it took a lateral direction, a tendency towards decline since the data yesterday, targeting the $ 1.2528 level of support that, under pressure from falling due to the high value of the U.S. dollar significantly , and it has achieved the highest so far at $ 1.2799, while the minimum is achieved at the time of writing at a level of $ 1.2578.
descended the euro / dollar down sharply to achieve the minimum level for more than 10 weeks, due to the increase of fear in the European region on the worsening economic conditions than expected in the past where the bad data and indicators in the formulation of this pessimistic picture of the economy, and we find that the husband was not able to do to close the gap formed by trading so far, which is expected to take some time, the husband to be able to shut down. Disposed towards the area of trading today and will be below the level of resistance at the 1.2960 levels and support at the 1.2415 area. The husband has the highest so far at the level of 1.2799 and a minimum level at 1.2624.
As for ownership of the coin, which turned downward for the second day in a row had been opened the day at $ 1.4248 level and then tended to decline at about the level of support is now $ 1.4220 and rebounded once again rising, however, they failed to penetrate the resistance level of $ 1.4315 and then declined again increased again after the strong U.S. dollar against the pound sterling. Achieved the highest so far at $ 1.4291, while the minimum is achieved at the level of $ 1.4310.
Reap the pair dollar / yen strength today to make at the expense of the yen today for the third consecutive day and see that this movement was the progressive movement as inevitable that this upward trend is the direction of a very technical, and at the present time, we find that the husband was unable to penetrate the resistance level at 92.70 a result of the lack of momentum at the moment with the low level of trading, it is expected to decline slightly, we find a husband within the corrective movement which combines the upward momentum necessary to penetrate the resistance level mentioned, but in the case of the inability of the husband of the husband may see a fall in Transactions of the lower side of this level to try to break. Zone will be the day for trades between the level of the husband's resistance at the 94.50 level and support at the 89.80. The husband has the highest so far at the level of 92.74 and a minimum level of 91.65.
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