EurUsd Market rose as high as 1.4720 yesterday bur reversed most of its gain at 1.4293 or -0.78%. Uptrend remains and room is open for 1.4867 23rd October high. A return over 1.5000 will confirm release of the 3-month pressure and may put key resistance 1.6000 into focus. On the downside, 1.3899 and 1.3600, former resistances, hold supports. Further support holds 1.2208 trendline support. Next long-term support holds 1.1640 November 2005 low and therefore 1.0739 September 2003 low.
Wednesday, January 14, 2009
EurUsd Market
EurUsd Market rose as high as 1.4720 yesterday bur reversed most of its gain at 1.4293 or -0.78%. Uptrend remains and room is open for 1.4867 23rd October high. A return over 1.5000 will confirm release of the 3-month pressure and may put key resistance 1.6000 into focus. On the downside, 1.3899 and 1.3600, former resistances, hold supports. Further support holds 1.2208 trendline support. Next long-term support holds 1.1640 November 2005 low and therefore 1.0739 September 2003 low.
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