EUR: Bullish momentum is intact above 1.3087
Tue, Nov 28 2006, 15:18 GMT
by Per-Erik Karlsson
Euro
Support/Resistance
Res 3 1.3462
Res 2 1.3254
Res 1 1.3158
Sup1 1.3113
Sup2 1.3087
Sup1 1.3000
Indicators/momentum
EMA'S 1 Hour Bullish
15 min Bullish
5 min Bullish
Key resistance today; 1.3254
Key support today; 1.3087
Favoured strategy today: Longs above 1.3087
Comment:
Bullish momentum is intact above 1.3087 and the next target is 1.3254 resistance. Only a daily close below 1.3087 would open for a correction towards 1.2948 support.
In order to read more about: Cable, Swissy, Yen, EUR/JPY, EUR/GBP, CAD; download de PDF bellow.
Major events today
13:30 US Durable Goods (Oct)
15:00 US Consumer Confidence (Nov)
15:00 US Existing Home Sales (Nov)
17:30 Fed's Bernanke speaks
17:30 Fed's Plosser speaks
Rainer's Astrological Column
A day of low tides, inner mud is stirred up, difficult to be able to do it on ones own energy. Every bigger deal should be postponed up to tomorrow. Choppy trading, no clear move in sight. A day for dealing with doubts, and for caring for ones own woundd. The situation might drastically change after midnight. Especially the 10 minutes before and after 3am might deliver a clear signal for a daily trend.







