Wednesday, 20 February 2013

EUR/USD: Bounced Resistance at 1.3400/05

Bounce is underway after some sup. was found at 1.3360.   Res. is now at 1.3400/05 and a move above here is needed to swing the s/term bias back to the upside. The higher res. is at today's high at 1.3434. Sup. is at 1.3360 then 1.3320.N.I.

R5: 1.3520 * 13 Feb high
R4: 1.3475 * 12 Feb high
R3: 1.3454  Thurs high
R2: 1.3434  today high
R1: 1.3400/05  intraday level
S1: 1.3360  today low
S2: 1.3320  Mon low
S3: 1.3305 * Fri low
S4: 1.3285 * trendline
S5: 1.3257  16 Jan low

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