Market news
03.08.2011, 04:42

Techs on EUR/USD:

Resistance 3: $1.4340  
Resistance 2: $1.4300  
Resistance 1: $1.4280  
Current price: $1.4166
Support 1: $1.4140/50 

Support 2: $1.4110   
Support 3: $1.4070   

Comments: Euro resumes decline, heading close to support at $1.4140/50 (Jul 21 and Aug 02 lows). Further losses may ne widen to $1.4110 (61.8% Fibo of $1.3840 - $1.4530 move) and $1.4070 (Jul 19 low). Resistance comes at $1.4280 (yesterday's high), then - at $1.4300(50.0% Fibo of $1.4450 - $1.4150 decline) and $1.4340 (61.8%).

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