Tech on EUR/USD

Market news

11 May 2011

Tech on EUR/USD

Resistance 3: $ 1.4600 (50,0 % FIBO $1.4940-$ 1.4250, May 6 high)

Resistance 2: $ 1.4510 (38,2 % FIBO $1.4940-$ 1.4250)

Resistance 1: $ 1.4420 (session high, May 10 high)

Current price: $1.4397

Support 1 : $1.4250 (May 9 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 bargains in the field of $1,4400. The nearest support $1,4250. Below losses are possible to $1.4150. The nearest resistance - $1.4420. Above growth is possible to $1,4510.

GERMANY DATA: harmonized consumer price inflation in April +0.3% m/m, +2.7% y/y

Schedule for today, Tuesday, May 10 2011:

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