Tuesday, April 21, 2009

Fortis Bank. Technical Analysis


Euro / dollar
Intraday strategy
A pair of slightly recovered after yesterday's fall. Potential resistance to 1.2955 and 1.2985. After correction, the euro is likely to resume its down trend. Breakthrough below 1.2900 would imply a further decline to 1.2850.
Medium-term forecast
Support Breakthrough 1.2940 means the risk of further collapse. Next support - the level of 1.2475 and a line of support on 8 October - March 9, at 1.2525.
Internal resistance levels 1.2955, 1.2985
Local levels of support 1.2900 1.2850
Dollar / yen
Intraday strategy
A pair of slightly recovered after yesterday's fall. Resistance at 98.55. If the couple will not be able to overcome this level, it may fall to 97.70.
Medium-term forecast
In order to maintain an ascending projection, the couple should be kept above the level of 97.00. In this case, the first goal will mark 102.75.
Internal resistance levels 98.55, 98.90
Local levels of support 97.70, 97.20
Euro / Pound
Intraday strategy
Couple consolidated in a range between 0.8860 and 0.8915. Breakthrough above the last level will lead to further growth of up to 0.8955.
Medium-term forecast
The pair might be partially restored after the fall, with a resistance level of 0.9020/0.9070 speak, but in the future the euro is likely to resume falling to 0.8640.
Internal resistance levels 0.8915, 0.8955
Local levels of support 0.8880, 0.8860

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