- Tech on EUR/USD
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2 June 2011
Tech on EUR/USD
Resistance 3: $ 1.4565 (61.8 % FIBO $1.4940-$ 1.3960)
Resistance 2: $ 1.4450/60 (Jun 1 high, 50.0 % FIBO $1.4940-$ 1.3960)
Resistance 1: $ 1.4370 (session high)
Current price: $1.4358
Support 1 : $1.4260 (May 30 low, 38.2 % FIBO $1.3960-$ 1.4460)
Support 2 : $1.4200 (50.0 % FIBO $1.3960-$ 1.4460, support line from May 23)
Support 3 : $1.4155 (61.8 % FIBO $1.3960-$ 1.4460)
Comments: the pair slightly receded from the low reached yesterday. The nearest support $1,4260. Below losses are possible to $1.4200. The nearest resistance $1.4370. Above growth is possible to $1,4450/60.
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