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Eur/Usd for today

Posted on December 19, 2008 at 11:15 in Short-Term Analysis by Valeria Bednarik

Looking at 4 hours charts, the pair has just give a bearish signal with this last 5 hours candle opening, as momentum has crossed to the downside the 0.00 line, while candle opened under the 20 periods SMA. the pair has a support zone @ 1.3985, so if the minimum if broken, we could see a downside extension first to the zone @ 1.3900, 38.2% of these last three weeks rally. Under it. 1.3840, and 1.3770, will be next zones to consider. From actual price, resistances will be at 1.4045, 1.4110, 1,4166 and finally 1,4210.

Tags: eurusd

2 Responses to “Eur/Usd for today”

on 20 Dec 2008 at 12:19 am1Bill

Hi Val,

How soon, and to what extent, can you envisage any Euro/USD upturn occuring?

Regards,
Bill
on 22 Dec 2008 at 4:19 pm2Valeria Bednarik

Hi Bill, I guess with today’s post, you have an answer: I see not clear definitions, although i see more chances to the downside than to the upside. See today’s levels, and where they came from. I will keep the blog updated these days despite Holidays but i guess forn January 4th we have more chances of definitions
Regards
Val

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