Tech on EUR/USD

Market news

8 December 2010

Tech on EUR/USD

Resistance 3: $ 1.3475 (50.0 % FIBO $1,3790-$ 1,2970, 38.2 % FIBO $1.4280-$ 1.2970)

Resistance 2: $ 1.3430 (Dec 6 high)

Resistance 1: $ 1.3280 (session high)

Current price: $1.3216

Support 1 : $1.3190 (Dec 3 low)

Support 2 : $1.3360 (Dec 2 low)

Support 3 : $1.2970 (Nov 30 and Dec 1 low)

Comments: the pair decreases. The nearest support - $1,3190. Below decrease is possible to $1.3060. The nearest resistance - $1,3280. Above growth is possible up to $1,3430.

Tech on GBP/USD

Nikkei News reports that a survey of private forecasters shows expectations that the June-Sep. GDP revision to be released Thursday will show growth at 4.1% vs the 3.9% pace reported previously.

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