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Friday, 16 November 2007

iForex.bg

EUR/USD 1.4633 - 16 November
EUR/USD Open 1.4619 High 1.4715 Low 1.4604 Close 1.4652

The Euro couldn't test the new record level 1.4750 against the US Dollar but was stopped by the resistance at 1.4719. In upward after successful break of the above mentioned levels, next resistance is the psychological level at 1.4810. In downward direction supports are expected at 1.4615, followed by 1.4565 and 1.4510.
Technical resistance levels: 1.4719 1.4760 1.4810
Technical support levels: 1.4615 1.4565 1.4510

Trading range: 1.4645 - 1.4570
Trend: Downward
Sell at 1.4633 SL 1.4663 TP 1.4583