Bullish above 1.2831 today and next resistance is now 1.2900
Wed, Nov 22 2006, 14:57 GMT
by Per-Erik Karlsson
Euro
Support/Resistance
Res 3 1.2939
Res 2 1.2901
Res 1 1.2853
Sup1 1.2790
Sup2 1.2790
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 1.2831
Comment:
Bullish above 1.2831 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 1.2850, but to see any 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
09:30 UK BoE Minutes
12:00 CAN CPI
13:30 US Weekly Jobless Claims
15:00 US U. of Michigan Confidence
Rainer's Astrological Column
The push through came after midnight. We expect this move to continue untill at least tonight. It's unlikely that trend reverses, as the sun system two biggest objects stand in conjunction and create a nice push.







