Thursday, April 16, 2009

Euro / dollar. Technical opinion 4/16

Euro / dollar continues to be hampered by resistance to a maximum of $ 1.3580 on April 6. This includes the resistance formed by moving average at $ 1.3370, Fibonacci levels at $ 1.3393/1.3414, as well as through resistance at $ 1.3455/95. Daily schedules are still paint bleak picture, but the bears need a break below $ 1.3090. The rapid recovery was faced with a 200-day moving average, which is currently at $ 1.3670, which is a maximum in December 2008 for what now should be a maximum of March at $ 1.3739.

RES 4: $ 1.3491 61.8% correction of the fall in March / April
RES 3: $ 1.3455/95 intermediate line resistance of 23 March, the former line of support from the March 5
RES 2: $ 1.3414 50% correction of the fall in March / April
RES 1: $ 1.3370/93 21-day moving average, 61.8% of the fall of 6 April


current exchange rate of euro / dollar: $ 1.3204


SUP 1: $ 1.3190 100-day moving average
SUP 2: $ 1.3090/99 from a minimum of 9 April, 50% correction from $ 1.2459 to $ 1.3739
SUP 3: $ 1.3000 55 Day Moving Average
SUP 4: $ 1.2948 61.8% correction of the growth from $ 1.2459 to $ 1.3739

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