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Eur/Usd technical points

Posted on February 17, 2009 at 11:04 in Short-Term Analysis by Valeria Bednarik

Hard to ignore, the technical break confirmed on Sunday opening follow all the steps including pullback to the broken line; euro remains the weaker currency across the board, and technically bearish in 4 hours and daily charts. Quoting around 1.2645, first important support will be the zone around 1.2595/1.2610, followed by the more tough 1.2549 zone. Under that and a probable downside target for today will be 1.2510. An upside correction will find resistances at 1.2675/85, followed by 1.2724, 1.2770, the zone around 1.2800 and finally 1.2830.

Tags: eurusd

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