Technical Analysis, Monday 29 Dec 2008
Ticker: EUR
Last: 1.4188
Pivot: 1.4075
1st sup. 1.4075
2nd sup. 1.395
3rd sup. 1.39
1st res. 1.43
2nd res. 1.4405
3rd res. 1.45
Title: EUR/USD intraday: supported by a rising trend line.
Summary: Update on supports and resistances.
Story: Pivot: 1.4075.
Our Preference: LONG positions above 1.4075 with 1.43 & 1.4405 in sight.
Alternative scenario: The downside penetration of 1.4075 will call for a slide towards 1.395 & 1.39.
Comment: the pair is supported by a rising trend line, the RSI is on the upside.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.45** Intraday resistance
1.4405** Intraday resistance
1.43** Intraday resistance
1.4188 Last
1.4075** Intraday pivot point
1.395** Intraday support
1.39** Intraday support
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