Wednesday, June 11, 2014

Mid Week Currency Market Summary for Wednedsay June 11th

The September Euro currency closed down 15 points at 1.3530 today. Prices closed nearer the session low and closed at another fresh four month low close today. Bears have the solid near term technical advantage and have gained more power this week.

The September Japanese yen closed up 33 points at .9808 today. Prices closed nearer the session high. The bears have the slight near term technical advantage.

The September Swiss franc closed down 9 points at 1.1120 today. Prices closed near mid range and closed at another four month low close today. The bears have the overall near term technical advantage.

The September Canadian Dollar closed up 35 points at .9180 today. Prices closed nearer the session high. The bulls today gained the slight near term technical advantage.

The September British Pound closed up 37 points at 1.6779 today. Prices closed nearer the session high today. The bulls have the slight overall near term technical advantage. Prices are in a five week old downtrend on the daily bar chart, however.

The September U.S. dollar index closed down 0.040 at 80.900 today. Prices closed near mid range today. The greenback bulls have the near term technical advantage. Prices are in a four week old uptrend on the daily bar chart.

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