07.08.2008 10:34

EUR/USD techs:


Resistance 3:$1.5700
Resistance 2: $1.5540
Resistance 1: $1.5480
Current price: $1.5425
Support 1: $1.5400
Support 2: $1.5280
Support 3: $1.5140

Comments: Rate rises ahead of ECB rate decision that may be hold unchanged at current 4.25%. Resistance is around $1.5480 with a break above will tsrget $1.5540 (23.6% of $1.6030 - $1.5400 move). Further there is a risk for testing Jul 31 high on $1.5700. Minor support comes at Wednesday’s low on $1.5400 with stronger around $1.5280 (May-June lows). Below support is around Mar lows on $1.5140.






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