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Thread: EUR: Bearish below 1.3477 resistance today

  1. #1
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    Default EUR: Bearish below 1.3477 resistance today

    Euro
    Support/Resistance

    Res 3 1,3610

    Res 2 1,3252

    Res 1 1,3477

    Sup 1 1,3403

    Sup 2 1,3340

    Sup 3 1,3255

    Indicators/momentum

    EMA'S 1Hour Bearish

    15 min Bearish

    5 min Bearish

    Key Resistance Today: 1,3477

    Key Support Today: 1,3340

    Favoured Strategy Today: Bearish below 1,3477

    Comment:

    Bearish below 1.3477 resistance today and the next target on the downside remains 1.3340 support near term. It needs to make a daily clos above 1.3477 to open for any stronger rally.

  2. #2
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    Default

    this is a report about EuR on today 24/05/007


    The Euro is trading sideways after it managed to recover off its lows Vs the dollar. Support was found at 1.3450 backed by 1.3435, 1.3415 and 1.3400. Resistance emerges at 1.3470 followed by 1.3500 and 1.3530. Daily sentiment remains bearish and unchanged and only a close near the half of 1.35 may signal a reversal. Hourly sentiment is slightly bearish too. The dollar lacked the strength to break the 1.3450 since yesterday when it's been reached. While the mentioned support holds, the Euro may recover and climb towards the 1.3500-1.3530 area. On the other side, a break below 1.3450 may encourage a new test of yesterday's low in the 1.3415 area. We are expecting the Euro to remain in the range set on yesterday. Current quote is 1.3457 @ 06:00 GMT

    good tradng

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