Friday, October 3, 2008

EURUSD Price Support/Resistance

As at today, price has already touched the support level at 1.3710 which was projected yesterday. The next level below already mentioned yesterday is 1.3600.

Since price is moving at a super fast rate nowadays, I won't be surprised to see 1.3600 target hit within next week. If this too is broken then we might see price heading south towards 1.3540 and 1.3475.

Let's see how price is dancing to this.

*Subscribers receive an average of 2 - 3 intraday timings per currency pair for EURUSD, USDJPY, USDCHF and GBPUSD - an average of 8 - 12 per day.

No comments: