Technical Analysis, Thursday 29 January 2009

Date: 2009/01/28 Time: 21:36 (GMT +2) Ticker: EUR Last: 1.312 Pivot: 1.321
1st sup. 1.304 2nd sup. 1.2975 3rd sup. 1.29
1st res. 1.321 2nd res. 1.333 3rd res. 1.345
Title: EUR/USD intraday: turning down.
Summary: Update on supports and resistances.
Story: Pivot: 1.321 Our preference: Short positions below 1.321 with targets @ 1.304 & 1.2975 in extension. Alternative scenario: Above 1.321 look for further upside with 1.333 & 1.345 as targets. Comments: as long as 1.321 is resistance, likely decline to 1.304.