Resistance 3:$1.4280
Resistance 2: $1.4220
Resistance 1: $1.4430
Current price: $1.4092
Support 1: $1.4070
Support 2: $1.4000
Support 3: $1.3880
Comments: EUR/USD tries to recover Wednesday, but gains in the euro may be
limited by speculation governments will bail out more European banks
after France and Belgium led a state-backed rescue of Dexia SA
yesterday. A $9.2 billion capital infusion for Dexia, the world's
biggest lender to local governments, comes two days after Belgium, the
Netherlands and Luxembourg rescued Fortis, the largest Belgian
financial-services company, the U.K. took control of Bradford &
Bingley Plc, the country's biggest lender to landlords, and Germany
bailed out Hypo Real Estate Holding AG. Overnight EUR/USD challenged
23.6% Fibo on $1.4130 ($1.4570-$1.4000 decline) with a break above
targets $1.4220 (38.2%) and $1.4280. Support is around session low on
$1.4070. If the pressure resumes, euro may test yesterday’s low on
$1.4000.