Friday, April 24, 2009

Euro / dollar. Technical opinion

Indicators for the daytime schedules are restored, creating byche cross, however, bulls need to penetrate to the level of correction of Fibonacci at $ 1.3214. Thus, the focus will return 50%
motion correction in March-April, at the level of 1.3314. The intermediate support at $ 1.3020.

RES 4: $ 1.3362 resistance of 23 March
RES 3: $ 1.3314 50% rollback of the increase from 10 March
RES 2: $ 1.3214 21-day moving average, 38.2% of correction
RES 1: $ 1.3160 up to April 23


current exchange rate of euro / dollar: $ 1.3139


SUP 1: $ 1.3020 5-Day Moving Average
SUP 2: $ 1.2870/88 maximum of 16 March, at least 20, April 22
SUP 3: $ 1.2833 projection support of the maximum 23 March
SUP 4: $ 1.2761 76.4% correction from $ 1.2459-$ 1.3739

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