The Euro versus Dollar pair attempted to breach the key support at 1.3950 yet closed above the level which lets us hold our outlook to the upside on the intraday basis targeting the breach of the pivot resistance at 1.3990 to reach 1.4100 as an initial target today. The 1.3950 level must remain intact for the incline to occur.
The trading range for today is among the key support at 1.3655 and the key resistance at 1.4400
The general trend is to the downside as far as 1.4710 remains intact with targets at 1.2120
The Euro versus Dollar pair attempted to breach the key support at 1.3950 yet closed above the level which lets us hold our outlook to the upside on the intraday basis targeting the breach of the pivot resistance at 1.3990 to reach 1.4100 as an initial target today. The 1.3950 level must remain intact for the incline to occur.
The trading range for today is among the key support at 1.3655 and the key resistance at 1.4400
The general trend is to the downside as far as 1.4710 remains intact with targets at 1.2120
0 comments on "Technical Major Currencies Midday Report - 7 July 2009"
Post a Comment