Resistance 3:$1.3980
Resistance 2: $1.3780
Resistance 1: $1.3740
Current price: $1.3579
Support 1: $1.3500
Support 2: $1.3445
Support 3: $1.3360
Comments:The
euro headed for a third weekly loss against the dollar and a second
versus the yen on speculation the credit crisis in Europe will deepen,
prompting the European Central Bank to cut interest rates. As the
nearest support acts the area of a session low on $1,3500, further is
located a low of Monday on $1,3445, after overcoming the given level
probably falling to $1,3360 (Aug 2007 low). In case of restoration by
the nearest resistance there will be an area $1,3740 (area of Oct 2 low
and Okt 7-8 high). Further is Fibo on $1,3780 (23.6 % of decrease
$1,4870-$ 1,3440) and $1,3980 (38,2 %).