Friday, October 2, 2009

Eur/Usd technical perspective

Pair is back up, fighting the 1.4680 zone. Seems we are getting into a comfortable consolidation zone under 1.4700 and basing in the 1.4550 strong static support level, also 50% retracement of the last daily upleg. Pair should not easily overcome 1.4680 1.4720 resistances, so expect some downside movement from here, with immediate supports around 1.4640 and 1.4610, 38.2% of the rally. If under, next key support lie at the 1.4515, and then 1.4440 strong zone. Above 1.4720, last resistance comes around 1.4760 zone.

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