Technical Analysis, Tuesday 23 Dec 2008

Date:	2008/12/22
Time:	21:37 (GMT +2)
Ticker:	EUR
Last:	1.395
Pivot:	1.4025
1st sup.	1.3825
2nd sup.	1.375
3rd sup.	1.3635
1st res.	1.4025
2nd res.	1.4125
3rd res.	1.42

Title:	EUR/USD intraday: consolidation.
Summary:	Update on supports and resistances.
Story:	Pivot: 1.4025 Our preference: Short positions below 1.4025 with targets @ 1.3825 & 1.375 in extension. Alternative scenario: Above 1.4025 look for further upside with 1.4125 & 1.42 as targets. Comments: the RSI is bearish and calls for further decline.