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Eur/Usd for today

Posted on January 5, 2009 at 12:00 in Short-Term Analysis by Valeria Bednarik

The Eur/Usd has fall pretty well since the beginning of European session, breaking daily minimum right now, and in 4 hours charts indicators are pointing for a continuation after opening under the 50% of the last daily up leg:despite the oversold state in smaller charts, the pair seems ready to continue, with next supports at 1.3515, a small stop @ 1.3560, but addressing to 1.3520 zone where we have the 200 EMA and the base of a descendant channel. you can see in this chart. Regarding resistances, above 1.3680 we could see some recovery, first to 1.3710, followed by 1.3768 and then the zone @ 1.3820.

Tags: eurusd

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