08.10.2008 10:25

EUR/USD techs:

Resistance 3:$1.3980
Resistance 2: $1.3780

Resistance 1: $1.3670
Current price: $1.3560
Support 1: $1.3445
Support 2: $1.3360
Support 3: $1.3260
Comments: The dollar may accelerate declines as the Federal Reserve signals it's prepared to lower interest rates as a credit crisis grips the global economy. As the nearest support acts the area of Monday's low on $1,3445, further is possible falling to $1,3360 (Aug 2007 low) and $1,3260 (June 2007 low). In case of restoration by the nearest resistance there will be an area $1,3670/00. Further Fibo on $1,3780 (23.6 % of decrease $1,4870-$ 1,3440) and $1,3980 (38,2 %).






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