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Welcome to the FXReturn.com New York Market Call for August 29th.,2011. DOW: 35 minutes into the open of Wall Street trading the Dow is up triple digits and above the 10 day average which resides at 11,186. Consecutive closes above the 10 day average will keep the bullish posture of the market intact with 11,528 then 11,835 as the next upside objectives. A close, however, below 11,186 will encourage a wave of selling down to 10,448. Stochastics are recognizing a positive crossover formation which is suggesting continued strength in the Dow over the next few trading sessions | EUR/USD: Trading mid-range on the session and above the 10 day average which resides at 1.4420. Consecutive closes above the 10 day average will keep the bullish posture of the market intact with 1.4576 as the next upside objective. A close, however, below 1.4330 will encourage a wave of selling down to pivot support at 1.4054. Stochastics are showing a positive crossover formation suggesting more upside price activity is on the horizon | DailyFX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com as well as review our latest TON: Trade On News Plans for the upcoming week. Please click the following link to view our daily research: NewYorkMarketCallCreated with Camtasia Studio 5
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