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Currency Technical Report
Thu, Apr 9 2009, 11:30 GMT
by George Antonakos
FXGreece | View company's profile
EUR/USD
Resistance: 1,3320-30/ 1,3350-60/ 1,3390/ 1,3420/ 1,3470/ 1,3520
Support : 1,3215-30/ 1,3165-70/ 1,3115-20/ 1,3070-80/ 1,3020/ 1,2980/ 1,2900
Comment: After the low at 1,3145-50, euro formed an upward reaction which is resumed today. First important resistance emerges at 1,3310-30, followed by 1,3400-20. Am upward move in terms of a retracement, could reach the second levels..Above 1,3420, a move to previous tops at 1,3600 and a sideways consolidation, would be a possible scenario.
Intraday support is found at 1,3215-30. A downward break indicated that the rise is completed and euro could move back to 1,3120-50. A move below 1,3100, will have as first target the area of 1,2930 or even lower… 
*STRATEGY :
Our strategy is still “sell at the reactions” and such opportunities emerge at 1,3320-30 and then 1,3390-3410 area. Stops should be set above 1,3460.
*The above mentioned strategy refers to orders that we may follow for personal accounts, depending on the market analysis and the potential reach of resistance and support levels. We do not encourage buy or sell orders, as its effective use is based on correct risk management and the ability of position readjustment depending on current conditions.
Published on Thu, Apr 9 2009, 11:36 GMT
Archive
- Currency Technical Report
Published On Mon, Mar 15 2010, 11:20 GMT - Currency Technical Report
Published On Mon, Mar 8 2010, 11:58 GMT - Currency Technical Report
Published On Thu, Feb 25 2010, 10:55 GMT - Currency Technical Report
Published On Thu, Feb 18 2010, 10:21 GMT - Currency Technical Report
Published On Mon, Feb 8 2010, 11:29 GMT
Legal disclaimer and risk disclosure
- The details and information included in the provided analysis, are part of research based exclusively on currency charts and are of purely instructional and educational nature. None of the information featuring in the analysis can be considered as an invitation for opening positions in FOREX market or in the market of forward contracts or any securities listed on an organized or unorganized market.
- We assume no responsibility for any kind of losses ,profits or property loss resulting, in whole or in part, from acts that are based either directly or indirectly on the processing or the use of information, details and strategies, the reader may find in the analysis. The readers hold full responsibility for the use and the results of their actions.
- The recipients of the analysis must acknowledge and accept that investment choices of any kind, especially concerning the FOREX market, contain risks (high, low and occasionally zero) of reduction or even loss of their investment. Therefore, they should always be cautious prior to any kind of action.
- We reserve the right to change the terms and the characteristics of the analysis.
- The contents of the analysis are solely intended for personal use. They may not be retransmitted, reproduced, distributed, published, adapted, modified or assigned to third parties in any way whatsoever. Anyone having access to them is required to comply with the law provisions on the protection of third party intellectual property rights.
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