1.3090 - Key Resistance Level..

Very limited time today.. balik keja pun dah pukul 10:30 pagi then pukul 9:00 malam nanti masuk keja balik. well seperti yng dijangka semalam euro accelerate to 1.3060 dan failed di area 1.3090 dan pagi tadi terus decline kembali ke paras 1.2810. Ok.. apa yng market sedang buat sekarang?

• saya believe 1.3090 adalah 'key level resistance' untk minggu ini.. so tonight when Mr.Ben speak -who's Mr.Ben? Ben Bernanke.. Federal Reserve Chairman. Bila dia speak tonight.. if ada good news for dollar then market akn buat 'key level support' pula which maybe below 1.2800. Then.. hari khamis nanti selepas data 'advance retails' diumumkan market players akn decide which key level they should brake..

today pivot, support dan resistance

• 3rd resistance - 1.32081


• 2nd resistance - 1.31247


• 1st resistance - 1.30732


• PIVOT POINT - 1.29897 - now pukul 5.00pm,price stay below this level


• 1st support - 1.29063 -already broken pagi tadi..


• 2nd support - 1.28548 - broken but touch only..


• 3rd support - 1.27713 - probably will become key level support for thursday event..


• yesterday pivot point is 1.28925 - now 5.00pm, price dancing around here..

dibawah adalah petikan news dari Dow Jones masa euro drop pagi tadi...

By Takashi Mochizuki

Of DOW JONES NEWSWIRES
TOKYO (Dow Jones)--The euro fell sharply in Asia Tuesday on a Japanese report that Russian banks will ask foreign banks to reschedule loans worth up to $400 billion, reigniting worries about risk in the European financial sector.
The European currency fell to as low as $1.2819 from $1.3000 earlier in the day, and to Y116.65 from Y119.00, after the publication of a Nikkei interview with Anatoly Aksakov, head of the Russian Association of Regional Banks, that quoted him as saying the association has submitted a plan to the government for approval for the debt rescheduling.
"This may be refocusing attention back on Eastern European financial troubles," said Greg Gibbs, director of foreign exchange strategy at ABN Amro in Sydney.
"It will drag on general risk appetite and the (euro), given the bigger exposure of major banks in Western Europe to lending in emerging markets."
The increased risk aversion sparked by the report also caused Asian investors to rush to sell other currencies, such as the pound, Swiss franc, Australian dollar and New Zealand dollar, against the U.S. dollar and the yen, the two safe haven currencies.
The pound, for example, fell to $1.4774 from $1.4900 at 2330 GMT.
Some traders said they are waiting for confirmation about the report from other sources.
"The report is a surprise, but the problem is that the Nikkei is the only news agency reporting the issue, thus we are not sure whether the report is true," said Minoru Shioiri, a senior dealer at Mitsubishi UFJ Securities in Tokyo. "And if it is, then the euro will likely enter a major downturn."
If the report is verified, however, "the impact on the euro-zone economy will be large and liquidity problems in the region will likely arise again," said Yuji Saito, head of FX Group at Societe Generale in Tokyo, noting that a large number of investors likely own such loans.
He said that the euro and other European currencies could fall further when the European session starts.

(END) Dow Jones Newswires
February 09, 2009 21:49 ET (02:49 GMT)