A daily close below 1.2948 would be a bearish reversal signal at this stage
Mon, Nov 27 2006, 15:37 GMT
by Per-Erik Karlsson
Euro
Support/Resistance
Res 3 1.3462
Res 2 1.3254
Res 1 1.3158
Sup1 1.3113
Sup2 1.3000
Sup1 1.2980
Indicators/momentum
EMA'S 1 Hour Bullish
15 min Bullish
5 min Bullish
Key resistance today; 1.3254
Key support today; 1.3000
Favoured strategy today: Longs above 1.3000
Comment:
Big rally higher the last 4 sessions and also gapping up on the opening in Asia and the sentiment is bullish above 1.30 today. Next key resistance is 1.3254. A daily close below 1.2948 would be a bearish reversal signal at this stage.
In order to read more about: Cable, Swissy, Yen, EUR/JPY, EUR/GBP, CAD; download de PDF bellow.
Major events today
No major events
Rainer's Astrological Column
If you have any business to do, do it today. Friendly day with no big surprises. Trend following models for today. Tomorrow there will be much more resistance and choppiness.







