15.10.2008 10:42

EUR/USD techs:

Resistance 3:$1.3900
Resistance 2: $1.3780
Resistance 1: $1.3680

Current price: $1.3604
Support 1: $1.3630
Support 2: $1.3450
Support 3: $1.3255

Comments: The dollar remains under pressure before the publication of data on retails. Sales at U.S. retailers probably decreased in September as mounting job losses, plunging home prices and the deepening credit crisis rattled consumers, economists said before reports today. Purchases fell 0.7 percent, the most in more than a year, after dropping 0.3 percent in August, according to the median of estimates. Intermediate resistance is presented by area $1,3680 (Monday's high). Further follows $1,3770/80 (area of Oct 9 and 14 highs) which overcoming will open road to Oct 3 high on $1,3900/10. Support is marked in the field of a session low on $1,3530, further is possible falling to $1,3450 (61,8 % FIBO of growth $1,3255-$ 1,3770) and then testing $1,3255 (Friday's low).






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