Euro is on a bullish momentum

Wed, Nov 1 2006, 18:22 GMT
by Per-Erik Karlsson


Euro

Support/Resistance

Res 3       1.2864

Res 2       1.2831

Res 1       1.2799

Sup1       1.2714

Sup2       1.2679

Sup1       1.2664

Indicators/momentum

EMA'S    1 Hour    Bullish

                15 min    Bullish

                5 min    Bullish

Key resistance today; 1,2799

Key support today; 1,2714

Favoured strategy today:  Longs above 1.2714

Comment:

The bullish momentum is intact above 1.2714 support today and the next target is 1.28 level. key support is now 1.2714 that needs to hold to maintain  the bullish momentum. A move below 1.2714 would open for a test of 1.2664, wich is now the swing level.

In order to read more about: Cable, Swissy, Yen, EUR/JPY, EUR/GBP, CAD; download de PDF bellow.