Thursday, October 2, 2008

EURUSD Price Support/Resistance

The 1.3800 weekly target was hit today.

I think if the current 1.3746 is broken, there's good support for EURUSD around 1.3710. If this too is broken decisively, the pair should land itself at 1.3600.

On the upper side, it looks like there's a good resistance around 1.4300. Let's see how price is dancing to this tune.

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