Tuesday, October 7, 2008

EURUSD Price Support/Resistance

All of the targeted price levels from last Friday were hit on the first day of trading this week!

Support and resistance levels that we see at the moment are:

R2: 1.3790
R1: 1.3620
Current Price: 1.3515
S1: 1.3450
S2: 1.3285

Market is still in a strong downtrend but there is a possibility of this coming to a temporary halt this week.

Let's see how the dance goes.

Best Wishes and Happy Trading

*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: