und der e-forex newsletter:
The support level of 1.2380 which was reliable for 2 days was breached today during the Asian session and the Euro tested bids in the lowest part of the 1.23-1.24 range. First resistance was formed at 1.2350 by the consolidation seen in the range of 1.2310-1.2350 today and higher resistance levels are seen at 1.2380 and 1.2440. Support starts at 1.2310 backed by 1.2260. The Eur is losing momentum on the daily charts but while the 61.8 retracement of 1.2125-1.2580 which is seen at 1.2305 remains intact, the 1.2200 area will be safe. Current quote is 1.2335 Recommended trades Long at market or 1.2315, stop at 1.2290, target at 1.2365
The support level of 1.2380 which was reliable for 2 days was breached today during the Asian session and the Euro tested bids in the lowest part of the 1.23-1.24 range. First resistance was formed at 1.2350 by the consolidation seen in the range of 1.2310-1.2350 today and higher resistance levels are seen at 1.2380 and 1.2440. Support starts at 1.2310 backed by 1.2260. The Eur is losing momentum on the daily charts but while the 61.8 retracement of 1.2125-1.2580 which is seen at 1.2305 remains intact, the 1.2200 area will be safe. Current quote is 1.2335 Recommended trades Long at market or 1.2315, stop at 1.2290, target at 1.2365