Resistance 3:$1.3770
Resistance 2: $1.3690
Resistance 1: $1.3525
Current price: $1.3506
Support 1: $1.3340
Support 2: $1.3260
Support 3: $1.3060
Comments:
Tech on euro hasn't changed. Break above $1.3520/40 to target $1.3690/00 zone and may led to retest of October 9 high
$1.3780. The key upside Fibonacci target is
$1.3900/20 (Sept 11 low, neckline of head and shoulders reversal
pattern and 21-DMA at $1.3920). If pierced, the $1.3990
(38.2% of $1.4860 to $1.3444) and $1.4060 (23.6% of $1.6039 to
$1.3444) to be the next upside targets.
Sustained
break of $1.3345/50 (last session's and Aug 2007 lows,
respectively) zone to open the way to retest of $1.3260/65 ( 13 June 2007, 10 October 2008 lows).
Further down there is no decent support to April 2007 low $1.3070/60.