05.08.2008 10:01

EUR/USD techs:


Resistance 3:$1.5780
Resistance 2: $1.5700
Resistance 1: $1.5620
Current price: $1.5535
Support 1: $1.5500
Support 2: $1.5450
Support 3: $1.5300

Comments: Euro still under pressure on Tuesday with support zone remains between $1.5500 (yesterday’s low). Break down will accelerate the decline to the channel line from Jul 15 on $1.5450 and then – to Jun lows around $1.5300. Minor resistance comes near yesterday’s high at $1.5620, then – Jul 30 high on $1.5700. Stronger level is around channel line from Jul 15 on $1.5780.






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