Market news
04.02.2011, 17:05

Techs on EUR/USD

Resistance 3:$1.3800
Resistance 2:$1.3680
Resistance 1:$1.3600             
Current price: $1.3575
Support 1: $1.3540

Support 2:$1.3480              
Support 3:$1.3360

Comments: After yesterday's break under the challen line from Jan 10 at $1.3740, euro remained under pressure. Support is around session lows on $1.3540, then - at - $1.3480 (38.2% Fibo of $1.2870-$1.3860 move). Stronger support is near $1.3360 (50%). Resistance comes at $1.3600, then - on $1.3680 (daily high). Above resistance is around $1.3800 (broken channel line).

 

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