• Tech on EUR/USD

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20 December 2010

Tech on EUR/USD

Resistance 3:$1.3360
Resistance 2:$1.3280
Resistance 1:$1.3180
Current price: $1.3098
Support 1:$1.3060
Support 2: $1.2970
Support 3: $1.2710

Comments: Euro continues to go down with support comes at $1.3060 (Dec 02 lows). Stronger support is around Nov 30 - Dec 01 lows at $1.2970. Break under targets Sep 06 highs on $1.2710. Back above $1.3180 will extend correction to $1.3280 and then - to a stronger resistance at $1.3360 (Dec 17 highs).

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