Bullish above 1.2805 today and next resistance is now 1.2900
Tue, Nov 21 2006, 16:38 GMT
by Per-Erik Karlsson
Euro
Support/Resistance
Res 3 1.2939
Res 2 1.2901
Res 1 1.2853
Sup1 1.2790
Sup2 1.2751
Sup1 1.2683
Indicators/momentum
EMA'S 1 Hour Bullish
15 min Bullish
5 min Bullish
Key resistance today; 1.2901
Key support today; 1.2790
Favoured strategy today: Longs above 1.2805
Comment:
Bullish above 1.2805 today and next resistance is now 1.2900. However a break below 1.2750 support would indicate recent bullish move has come to en end and open for a test of 1.2650. So basically bullish above 1.2805, but to see stronger rally it has to overcome 1.2901 today.
In order to read more about: Cable, Swissy, Yen, EUR/JPY, EUR/GBP, CAD; download de PDF bellow.
Major events today
11:00 UK CBI
15:00 Fed's Warsh speaks
17:00 Fed's Lacker speaks
Rainer's Astrological Column
Momentum today might increase towards the evening and build a clear trend. Around midnight we have a strong impulse that might continue until Wednesday evening. Trend following strategies for today and tomorrow!







