EUR: Bullish momentum is intact above 1.3132 today
Thu, Nov 30 2006, 16:42 GMT
by Per-Erik Karlsson
Euro
Support/Resistance
Res 3 1.3462
Res 2 1.3254
Res 1 1.3218
Sup1 1.3132
Sup2 1.3120
Sup1 1.3087
Indicators/momentum
EMA'S 1 Hour Bullish
15 min Bullish
5 min Bullish
Key resistance today; 1.3254
Key support today; 1.3120
Favoured strategy today: Longs above 1.3132
Comment:
Bullish momentum is intact above 1.3132 today 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
10:00 EMU Business Climate Indicator (Nov)
13:30 US Personal Spending (Oct)
13:30 US PCE Core (Oct)
13:30 CAN GDP Annualised (Q3)
15:00 US Chicago PMI (Oct)
Rainer's Astrological Column
Very positive day with creative potential. Today material profit can increase and at same time social consciousness does not suffer, so all in all a healthy day, getting even better after 13:11, just before the CAD numbers. That might be a good moment for a successful short-term strategy without bad surprises.







