Not much in the way of support until the 20-day MA at 1.3890 but it is the previous low at 1.3800 and the 38.2% retracement at 1.3780 which provide the stronger base. Resistance levels are also scarce until 1.4050/65, a prior high/low pivot level.
EUR/USD technicals
Source: www.forexlive.com

- Tags:
- Forex
- EUR/USD
- technicals
Read more...
FOREX VIDEO - New York Session Review - October 14, 2009
Sterling was the feature currency during today’s New York session. Movement on the pound pairs was led by a EUR/GBP bounce at key support, then further fueled by dovish comments from BOE’s Fisher. In contrast, when the dust settled following today’s releases of JP Morgan earnings...
USDCHF stays above a rising trend line
USDCHF stays above a rising trend line on 4-hour chart. As long as the trend line support holds, uptrend could be expected to continue and...
USD/JPY overcomes big hurdles but more to jump just ahead
USD/JPY has broken its 200-day moving average at 95.8 and now has its sights set on 95.45, the 38.2% retracement of the 101.45/91.75...
Public holiday in Australia should ensure quiet session for AUD
I have heard of some stop-losses building below .7875 in the AUD/USD but with Australia closed for a public holiday, these will probably be safe until Europe step in. An interim top now looks to be in place at .8250 and the first big technical support level is a 38.2% pullback at...
Predicting next low and high looks much easier than next close.
Just like logarithmic returns can be defined and analyzed for daily close, they can be defined for daily high and low. Japanese candlestick charting techniques, believed to have predictive power, study patterns formed by open, low, high and close as the time series progresses. In this report I...