Forex Notes

Technical Levels For Pair Euro / Dollar

Resistance to 4: $ 1.4026/46 maximum of 3 February, minima 21 января, August 17
Resistance 3: $ 1.3930 21-day moving average,
Resistance 2: $ 1.3838/53 maximum of 9 February, at least Feb. 1
Resistance 1: $ 1.3725 resistance line of 14 January

Current level: $ 1.3605

Support 1: $ 1.3532 a minimum of 12 February
Support 2: $ 1.3495 current base Bollinger bands, 61.8% rally in March / December
Support 3: $ 1.3461 2% of envelopes moving average projection of the channel support of 3 December
Support 4: $ 1.3404/20 61.8% of the progress since October 2008, 76.4% rally in April / December

Comments: The upper limit of the range remains in the 1-month resistance line at $ 1.3725. In the case of rebound from this mark bears will focus on the $ 1.3461/95. Over the long-term timeframe gives a bearish trend that will persist as long as the prices will beat the 200-week moving average at $ 1.3874, while the daily charts are still trying to recover from resold levels.