The rumors spread ecb would cut the interest rate next,this speculation kick euro heavily and now closing below 1.3330 support.Technically speaking euro fail to pass 1.3842 resistance and making an exhausted rally signal first with doji candle on monday.while price below 1.3330 euro have a risk toward 1.3094 nearest support or may extend lower to 1.2990 support.Only one candle closing above 1.3330 should signal a bounce to test 1.3412 where one candle closing above should add more energy to 1.3517 as an immediate target.
candle resistance 1.3330,1.3412 and 1.3517
candle support 1.3094,1.2990 and 1.2831
The pound consolidate after a rally toward 1.4800 nearest resistance failure.bearish engulfing candle on wednesday formed add more evidence to confirm the weakness rally.While the pound below 1.4307 pound have a risk toward 1.4185 as a nearest support,only one candle closing above 1.4307 should bring pound to try 1.4422 nearest resistance.
candle resistance: 1.4422,1.4660,1.4800
candle support: 1.4185,1.4085,1.3976
Plan your trade and good luck ;)
Posted by
millionaire |
Saturday, March 28, 2009
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euro pound vs dollar
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