27.10.2008 10:08

EUR/USD techs:

Resistance 3:$1.2810
Resistance 2: $1.2740
Resistance 1: $1.2690
Current price: $1.2507
Support 1: $1.2500
Support 2: $1.2460
Support 3: $1.2160
Comments: The pair is consolidated after Friday falling. The nearest support is the area of session and Friday low on $1,2495 / $ 1,2500. Overcoming of the given mark will open road to area of low of second half of 2006 $1.2480/60 which, in our opinion, is a ultimate goal of current movement. But doesn't exclude probability of falling to $1,2160 (100 % of a projection of decrease $1.4862/1.3258). Intermediate resistance is the level 38,2% FIBO Friday falling on $1,2690 (and also area of a session high). Above is located the mark of 50,0 % on $1,2740 (and also area of minima of Wednesday-Thursday) which overcoming will open road to $1,2810 (61,8 %).






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