Tech on EUR/USD

Market news

9 May 2011

Tech on EUR/USD

Resistance 3: $ 1.4940 (May 4 high)

Resistance 2: $ 1.4700 (around of 61.8 % FIBO $1.4940-$ 1.4300)

Resistance 1: $ 1.4585 (May 6 high)

Current price: $1.4396

Support 1 : $1.4300 (May 6 low)

Support 2 : $1.4150 (Apr 18 low, 38.2 % FIBO $1.2870-$ 1.4940)

Support 3 : $1.4020 (Mar 28 low)

Comments: the pair receded from the low reached on Friday. The nearest support $1,4300. Below losses are possible to $1.4150. The nearest resistance - $1.4585. Above growth is possible to $1,4700.

The German trade surplus rose to a seasonally-adjusted E15.3 billion in March

Schedule for today, Monday, May 09 2011:

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