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Eur/Usd for today

Posted on December 3, 2008 at 11:05 in Short-Term Analysis by Valeria Bednarik

The Eur/Usd is a good example of why taking a look at 4 hours charts is so important at least for me. Yesterday I told you, that despite the downside dominant trend, indicators where turning to the upside. Take a look at them now, they developed the correction, and now the pair seems ready to continue to the downside. Quoting @ 1.2635 first support will be the zone @ 1.2606 and then 1.2580. But only under 1.2540/50 the pair would confirm a more serious downside continuation, with an intermediate support at 1.2510 yet targeting 1.2470 as a final zone for today. Resistances from actual price, will again be the tough congestion zone between 1.2660/80, and again only above 1.2690 the pair could start a bullish movement to 1.2720 and then 1.2760.

Tags: eurusd

2 Responses to “Eur/Usd for today”

on 03 Dec 2008 at 11:30 am1Armand Gusman

Dear Ms.Val,

Would you be kind enough to share your view on the USD/JPY expected market movement for today.

Thank you very much

Best Regards,
Armand Gusman
on 03 Dec 2008 at 12:35 pm2Valeria Bednarik

Hi Armand! there it is.
Regards
Val

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