Tech on EUR/USD

Market news

31 May 2011

Tech on EUR/USD

Resistance 3: $ 1.4450 (50.0 % FIBO $1.4940-$ 1.3960)

Resistance 2: $ 1.4425 (May 11 high)

Resistance 1: $ 1.4405 (session high)

Current price: $1.4390

Support 1 : $1.4255 (May 30 base)

Support 2 : $1.4200/180 (May 26 top/May 27 low)

Support 3 : $1.4120 (trendline support since May 23)

Comments: the pair is on the rise. The nearest resistance $1.4405. ahead of $1.4425. The nearest support $1.4255. Below losses are possible to $1.4200.

Tech on GBP/USD

Shanghai Composite Index closes Tuesday +1.37% at 2,743.47.

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