17.11.2008 10:03

EUR/USD techs:

Resistance 3: $1.2860
Resistance 2: $1.2790
Resistance 1: $1.2675
Current price: $1.2585
Support 1: $1.2510
Support 2: $1.2385
Support 3: $1.2330
Comments: The pair the beginning week decrease, but has slightly receded from the reached low later. As the nearest support acts the level $1,2510 (session low). Overcoming of the given level will open road to $1,2385 (area of Friday's low). Below possible falling to two years low on $1,2330. In case of continuation of restoration by the nearest resistance there will be a level $1,2675 (23,6%FIBO of falling $1,3765-$ 1,2330). Further is possible growth to $1,2790 (close price of last week). In case of continuation of growth by resistance will act the area $1,2860/80 ($1,2860 - Thursday's high, $1,2880 - a level 38,2%FIBO of falling $1,3765-$ 1,2330).






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