Euro/Usd weerstanden voor 11 mei 2011

[Armijn]

Coming Up Today (all times GMT)
GBP - BoE Inflation Report (09:30)
CAD - Trade Balance (12:30)
USD - Trade Balance (12:30)
USD - Crude Oil Inventories (14:30)
AUD - Unemployment Rate (01:30)
EURUSD

The EURUSD pair remains highly sensitive to headlines coming from Greece. Currently, Euro zone policymakers are exploring different steps to help Greece get its finance under control. The possible scenarios include an extension of debt maturities due to the EU, the allotment of new emergency loans or a debt restructuring. This last solution is considered to be the riskiest path: forcing banks and private holders to write-down the value of the Greek debt could send shock wave through the European banking system and destabilize the common currency. In this context, as long as this worst case scenario isn’t ruled out, the rebound of the euro could be capped by the $1.4450 resistance.

EURUSD Support/Resistance : 1.4320/1.4450

EURGBP Support/Resistance: 0.8750/0.8830

GBPUSD

The GBPUSD pair failed to post large advance after bouncing back from the $1.6300 support level. This may be a sign that pound buyers remain on the sideline, ahead of the release of the BoE inflation report. Today at 09:30 GMT, all eyes will be reviewing the BoE growth and inflation projections for 2011. Some analysts speculate that the Bank will downgrade its 2% growth forecast for the year (due to the impact of fiscal consolidation). If verified, it could bring further downside toward the $1.6270 support, while a successful break above the $1.6420 resistance could revive bullish sentiment.

GBPUSD Support/Resistance: 1.6320 / 1.6420

GBPJPY Support/Resistance: 131.40 / 132.70