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Currency Technical Report
Tue, Oct 7 2008, 10:53 GMT
by George Antonakos
EUR/USD
Resistance : 1,3610-20/ 1,3660-70/ 1,3720-30/ 1,3785
Support : 1,3440-50/ 1,3390-00/ 1,3360-80/ 1.3330
Comment : Euro formed new lows, moving to 1.3445 area. Eurozone leaders of the four biggest economies could not come to a mutual agreement regarding the financial problems and that pressured euro more.
The price reacted from the lows returning back to 1.3600. A new move towards previous lows would have the area of 1.3330-60 as target.
First resistance is found at 1.3610- 30, followed by the area of 1.3665-75
First support emerges at the previous lows, and then 1.3380 area.
GBP/USD
Resistance: 1,7640-50/ 1,7700-20/ 1,7760-70
Support : 1,7320-30/ 1,7280/ 1,7240-50
Comment : Similar move for the pound, which breached previous lows at 1.7450, and moved until 1.7318, where it reacted.
The formation of a double bottom is a possible scenario at 1.7250, which is a basic support area. Interim support is found at 1.7320-40.
Resistance emerges at 1.7640-50, followed by 1.7700-20
USD/JPY
USD/CHF
Published on Tue, Oct 7 2008, 10:55 GMT
Archive
- Currency Technical Report
Published On Thu, Jul 2 2009, 10:33 GMT - Currency Technical Report
Published On Wed, Jul 1 2009, 10:18 GMT - Currency Technical Report
Published On Tue, Jun 30 2009, 10:41 GMT - Currency Technical Report
Published On Mon, Jun 29 2009, 11:55 GMT - Currency Technical Report
Published On Fri, Jun 26 2009, 11:29 GMT
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