Market news
13.01.2011, 07:28

Tech on EUR/USD

Resistance 3:$1.3430
Resistance 2:$1.3220             
Resistance 1:$1.3150
Current price: $1.3105
Support 1:$1.3080             
Support 2: $1.3000
Support 3: $1.2900    

Comments: Rate tries to look optimistic, despite current retreat. Support is at $1.3080 (38.2% Fibo of $1.3430 - $1.2870). Stronger level is around $1.3000 (23.6%). Key support comes at channel line from Jun 07 at $1.2900 ($1.2870 - Jan 10 lows). Minor resistance is around $1.3150 (50%), then - at $1.3220 (61.8%). Stronger resistance is at $1.3430 (Jan 04 high).

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