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Old 11-20-2006, 09:53 AM
belinea0916 belinea0916 is offline
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Euro/usd

EURO/USD

Last week the euro moved down in correction wave, but at the end of last Friday it rebounded to reach 1.280s area again since it ended the correction move.

today euro is expected to move up after it finished the correction to reach to 1.2880s area, and probably to 1.2950s within this week.

The general trend is up as far as 1.2480 remain intact targets now at 1.2920 and 1.3000 as a psychological target then at 1.3125.

The key resistance will be at 1.3000 and the key support at 1.2465.

Support: 1.2826, 1.2800, 1.2780, 1.2760, 1.2740
Resistance: 1.2847, 1.2880, 1.2900, 1.2923, 1.2957

Recommendation: We expect Buying Euro above 1.2828 with a target at 1.2880 and stop loss above 1.2820
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