Tech on EUR/USD

Market news

12 May 2011

Tech on EUR/USD

Resistance 3: $ 1.4460 (38,2 % FIBO $1.4940-$ 1.4180)

Resistance 2: $ 1.4420 (around of May 9-11 high)

Resistance 1: $ 1.4240 (session high)

Current price: $1.4228

Support 1 : $1.4180 (session 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 the low reached yesterday. The nearest support $1,4180. Below losses are possible to $1.4150. The nearest resistance - $1.4240. Above growth is possible to $1,4420.

JAPAN: Prelim Machine Tool Orders Apr 32.3% y/y

Schedule for today, Thursday, May 12 2011:

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