Resistance 3: $1.3000
Resistance 2: $1.2810
Resistance 1: $1.2670
Current price: $1.2596
Support 1: $1.2590
Support 2: $1.2330
Support 3: $1.2200
Comments: Expectations of decrease in
discount rate ECB this weeks negatively influence euro. The pair tests
support in the field of 76,4 % FIBO of growth $1,2330-$ 1,3295 on
$1,2590. Overcoming of the given mark will open road to a level of 2
year low on $1,2330 and further to $1,2200 (area of high of Feb 2006).
Intermediate resistance is presented by area of a Friday's low on
$1,2670. Overcoming of the given mark will open road to $1,2810 (a
level 31,8%FIBO falling $1,3295-$ 1,2520). Above is possible growth to
$1,3000 (61,8 %).