Wednesday, April 22, 2009

Euro / dollar. Technical opinion 23/4/2009

A series of descending donyshek and turn down Stochastics indicate the likelihood of further reduction, however, the latest setback to the border strip Bollindzhera at the level of 1.2888 led to an increase in breakthrough Momentum and 5-day moving average at 1.2970. The next Fibonacci levels of $ 1.2761, however, bulls need to further increase recovery above 1.3220.

RES 4: $ 1.3377 resistance of 23 March
RES 3: $ 1.3220 21 Day Moving Average
RES 2: $ 1.3090/99 levels breakthrough
RES 1: $ 1.3038 up to April 22


current exchange rate of euro / dollar: $ 1.3023


SUP 1: $ 1.2870/88 maximum of 16 March, at least 20, April 22
SUP 2: $ 1.2833 projection support of the maximum 23 March
SUP 3: $ 1.2761 76.4% correction from $ 1.2459-$ 1.3739
SUP 4: $ 1.2510 support line on October 28

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