Tech on EUR/USD

Market news

25 January 2012

Tech on EUR/USD

Resistance 3 : $1.3080 (high of January and Dec 26-28 highs)

Resistance 2 : $1.3050 (area of session high and Dec 23 high)
Resistance 1 : $1.3000 (intraday high)
Current price: $1.2968
Support 1 : $1.2950 (Jan 24 low)

Support 2 : $1.2895/80 (38,2 % FIBO $1.2620-$ 1.3060, Jan 20-23 lows)
Support 3 : $1.2840 (50,0 % FIBO $1.2620-$ 1.3060, Jan 19 low)

Tech on GBP/USD

Germany alloted E2.458bln July 2042 Bund. Average yield of 2.62% vs 2.82% previous and covered 2.1 times vs 1.1 previous.

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