SeM0
Junior member
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Current Price 1.3180
Current Resistances: 1.3270, 1.3410, 1.3640, 1.3780
Current Supports: 1.3050, 1.2910, 1.2680, 1.2550
We still favor a test of at least the 1.3630 area, before the November 30, 2010 low is taken out. If the price tests the 1.3630 area, we would expect to see a sell off starting near that level or alternatively, in case of a clear break above the 1.3630 area, we would expect a further rally testing the November 4, 2010 highs. On the other hand, a break below the November 30, 2010 low can open doors for a further slide down in the parity.
Current Resistances: 1.3270, 1.3410, 1.3640, 1.3780
Current Supports: 1.3050, 1.2910, 1.2680, 1.2550
We still favor a test of at least the 1.3630 area, before the November 30, 2010 low is taken out. If the price tests the 1.3630 area, we would expect to see a sell off starting near that level or alternatively, in case of a clear break above the 1.3630 area, we would expect a further rally testing the November 4, 2010 highs. On the other hand, a break below the November 30, 2010 low can open doors for a further slide down in the parity.
