Market news
24.01.2011, 16:46

Techs on EUR/USD

Resistance 3:$1.3930             
Resistance 2:$1.3780             
Resistance 1:$1.3700

Current price: $1.3677

Support 1: $1.3620
Support 2: $1.3540              
Support 3: $1.3460              
Comments: Rate still rising, heading for a strong resistance near $1.3700/05 (23.6% Fibo of $1.1865 - $1.1.4280). Break above will target $1.3780 (Nov 22 high). Key resistance is at channel line from Nov 01, coming today at $1.3930. Support comes at $1.3620, stronger - at $1.3540 (channel line). Further losses may widen to $1.3460.

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