Only a break below 1.2840 would relieve the bullish pressureA break above 1.2980 could send the Euro well above the 1.30
Fri, Nov 24 2006, 15:19 GMT
by Per-Erik Karlsson
Euro
Support/Resistance
Res 3 1.3124
Res 2 1.3000
Res 1 1.2980
Sup1 1.2928
Sup2 1.2901
Sup1 1.2840
Indicators/momentum
EMA'S 1 Hour Bullish
15 min Bullish
5 min Bullish
Key resistance today; 1.3000
Key support today; 1.2901
Favoured strategy today: Longs above 1.2901
Comment:
Bullish above 1.2901 today and the next key point to watch is this year's high at 1.2980. A break above 1.2980 could send the Euro well above the 1.30 in the near term and the next stop on a break above 1.30 would be 1.3124 resistance. Only a break below 1.2840 would relieve the bullish pressure.
In order to read more about: Cable, Swissy, Yen, EUR/JPY, EUR/GBP, CAD; download de PDF bellow.
Major events today
09:30 UK GDP (Q3 P)
US Bond market closing early
Rainer's Astrological Column
Jupiter has moved into saggitarius this morning. Now 4 of 10 planets are within 10 degrees, which is rare constellation and that is creating quiet a push. Cable and Euro pushed through years high. We expect that to continue for today, but it will slow down towards the evening.
