03.11.2008 10:04

EUR/USD techs:

Resistance 3: $1.3290
Resistance 2: $1.3070

Resistance 1: $1.2950
Current price: $1.2874
Support 1: $1.2810
Support 2: $1.2700
Support 3: $1.2590
Comments: The dollar fell for the first time in three days against the euro on speculation that growth in the world's largest economy will slow further, supporting the case for the Federal Reserve to cut interest rates. The nearest support is located in the field of 50,0 % FIBO of growth $1,2330-$ 1,3290 on $1,2810. Overcoming of the given mark will open road to a level of 61,8 % on $1,2700. Below possible falling to $1,2590 (76,4 %). Intermediate resistance is presented by a level 38,2%FIBO of falling $1,3290-$ 1,2740 on $1,2590. Overcoming of the given mark will open road to $1,3070 (61,8 %). Above is located the high of Thursday on $1,3290.







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