Posted by millionaire | Monday, May 04, 2009 | | 0 comments »


euro vs dollar chart still fail to breakout the trendline at the 3rd try,while below 1.3416 im still bearish mode on eu,breakdown price below 1.3212 is needed to accelerate more pressure to downside and 1.3170 should be the nearest potential target,establish price below that level would risk euro toward 1.3080 or may deeper toward 1.2990,anyway,if daily trendline break following with establish price above 1.3416 would bring euro to attempt 1.3515 or maybe higher around 1.3585

candle support:1.3212,1.3170,1.3080,1.2990
candle resistance:1.3330,1.3415,1.3515,1.3585




gbp/usd price close above 1.4775 indicate the uptrend still intact,one healthy breakout above 1.4952 would soaring cable to attempt 1.5070 or maybe higher toward 1.5113.in case price establish below 1.4775 price may slip toward 1.4660 or deeper toward 1.4580

candle support:1.4775,1.4660,1.4580
candle resistance:1.5070,1.5113,1.5356



Gbp/yen make a strong rebound last week after breakdown lower trendline before,seems hammer following with the morning star pattern and look like 3soldier happend make this bounce is very impulsive.Currend price located above daily trendline indicate more upside target could be seen around 149.82 or maybe higher toward 151.50,153.81..while closing below 148.60,price may retrace toward 146.80(20april high) or maybe lower around 145.85.

candle support:146.80,145.85,145.13
candle resistance 149.82,151.50,153.81

Price always tend to support or resistance,plan your trade and good luck;)

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