SeM0
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Current Price: 1.3400
Resistance Levels: 1.3410, 1.3570, 1.3740, 1.3850
Support Levels: 1.3270, 1.3100, 1.2800, 1.2630
The 1.2980 support held during the previous week and we witnessed a bounce from that level which has so far reached the 1.3400 level. We expect this rally to continue, after some correction, to the 1.3630 level in the coming days, from where we expect to see the revival of the downtrend. A clear break above the 1.3630 level will have the potential of taking the price up to the 1.4140 mark.
Resistance Levels: 1.3410, 1.3570, 1.3740, 1.3850
Support Levels: 1.3270, 1.3100, 1.2800, 1.2630
http://www.thetradingsolutions.com/wp-content/uploads/2010/12/101204-eurusd-daily.gif
The 1.2980 support held during the previous week and we witnessed a bounce from that level which has so far reached the 1.3400 level. We expect this rally to continue, after some correction, to the 1.3630 level in the coming days, from where we expect to see the revival of the downtrend. A clear break above the 1.3630 level will have the potential of taking the price up to the 1.4140 mark.
