Dienstag, 24. Juni 2008

Technical Analysis - EURUSD


EURUSD had traded near 21-day moving avarage from yesterday's evening and in the narrow range between 1.5527 and 1.5500, but today on the morning the current pair climb up from the 21-day moving average line and quoted at 1.5564. In this moment EURUSD slowly moves upwards against the background of repositioning before FOMC. Daily Momentum is under 100, but seems to be recovering and to be positive. Daily stochastik returns from overbuy zone and points out downward movement.


RES4 $1.5692 2% envelope
RES3 $1.5651 maximum of 20.May
RES2 $1.5623/29 maxima of 20 and 22.June
RES1 $1.5570 23.60% Fibonacci

Current rate: 1.5564 (CET)

SUP1 $1.5534 21-day moving average
SUP2 $1.5411/13 38.20% Fibonacci, 10-day moving average and minimum of 23.May
SUP3 $1.5455 minimim of 12.May
SUP4 $1.5443 minima of 15.May and 10.Mar.

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