05.08.2008 13:21

EUR/USD techs:

Resistance 3:$1.5780

Resistance 2: $1.5700

Resistance 1: $1.5630
Current price: $1.5494
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 $1.5350 and Jun lows around $1.5300. Minor resistance comes near yesterday’s high at $1.5630, then – Jul 30 high on $1.5700. Stronger level is around channel line from Jul 15 on $1.5780.






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