Foreing Exchange

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EUR: Bearish below 1,3462 resistance today
Fri, May 25 2007, 10:50 GMT
by Per-Erik Karlsson
Avantage Financial GMBH
Euro
Support/Resistance
Res 3 1,3610
Res 2 1,3525
Res 1 1,3402
Sup 1 1,3403
Sup 2 1,3340
Sup 3 1,3255
Indicators/momentum
EMA'S 1Hour Bearish
15 min Bearish
5 min Bearish
Key Resistance Today: 1,3462
Key Support Today: 1,3340
Favoured Strategy Today: Bearish below 1,3462
Comment:
Bearish below 1,3462 resistance today and the next target on the downside remains 1,3340 support near term. It needs to make a daily close above 1,3477 to open for any stronger rally.
In order to read more about: Cable, Swissy, Yen, EUR/JPY, EUR/GBP, CAD; download de PDF bellow.
Major events today (GMT)
08:30 UK GDP (1QP)
14:00 US Existing Home Sales (Apr)
Rainer's Astrological column:
Logical thinking and potential of overview back after 9:30 am. Afterlunch, very good moment to start projects and o initiate processes. This will continue for approximately 24hrs.
Published on
Fri, May 25 2007, 10:53 GMT
Archive
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- Bearish below 1.02 and need to break 1.00 to extend the drop
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- All probably comes down to the US payrolls figure out on Friday
Published On Fri, Nov 6 2009, 08:15 GMT
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