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Archive for December, 2008

23-12-2008 Daily Forex quotes and recommended actions

Tuesday, December 23rd, 2008

EURUSD
The Euro trades around the 1.4000 mark, below resistance at 1.4125 which could not be cleared on yesterday. Hourly momentum is slightly bullish but a sustained break of 1.4125 is needed to signal an end of current pullback. Important resistance is also seen at 1.4270. On the lower side, support starts at 1.3950 backed by [...]

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22-12-2008 Daily Forex quotes and recommended actions

Tuesday, December 23rd, 2008

EURUSD
The Euro currently recovers after the large retracement which occured on Friday. First resistance is seen at around 1.4150 followed by 1.4260 and 1.4450. On the downside, minor support is seen at 1.4000 backed by 1.3900 and 1.3840. Key support is seen lower, at 1.3635, formed by the 50% retracement of the 1.2550-1.4720 move. Daily [...]

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