Tech on EUR/USD

Market news

1 June 2011

Tech on EUR/USD

Resistance 3: $ 1.4590 (May 6 high)

Resistance 2: $ 1.4565 (61.8 % FIBO $1.4940-$ 1.3960)

Resistance 1: $ 1.4440/50 (session high, 50.0 % FIBO $1.4940-$ 1.3960)

Current price: $1.4424

Support 1 : $1.4400 (support line from May 26)

Support 2 : $1.4260 (May 30 low, 38.2 % FIBO $1.3960-$ 1.4440)

Support 3 : $1.4200 (50.0 % FIBO $1.3960-$ 1.4440, support line from May 23)

Comments: the pair grown. The nearest support $1,4260. Below losses are possible to $1.4200. The nearest resistance $1.4440/50. Above growth is possible to $1,4565.

Tech on GBP/USD

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