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Technicals

Forex and Dow Jones recommended levels

Fxtechtrade
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08 May 2008 @ 10:38 pm EST
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May 09, 2008

GMT 03:31

EUR/USD

Todays support: - 1.5370 and 1.5338(main), where correction is possible. Break would give 1.5310, where correction also may be. Then follows 1.5286. Break of the latter would result in 1.5254. If a strong impulse, we would see 1.5228. Continuation will give 1.5210.

Todays resistance: - 1.5457 and 1.5491(main). Break would give 1.5513, where a correction is possible. Then goes 1.5523. Break of the latter would result in 1.5544. If a strong impulse, wed see 1.5565. Continuation will give 1.5588.

USD/JPY

Todays support: - 103.28 and 102.94(main). Break would bring 102.77, where correction is possible. Then 102.48. If a strong impulse, we would see 102.35. Continuation would give 102.06.

Todays resistance: - 104.17 and 104.40(main), where a correction may happen. Break would bring 104.63, where also a correction may be. Then 104.75. If a strong impulse, we would see 105.08. Continuation will give 105.19 and 105.30.

DOW JONES INDEX

Todays support: - 12 837.11, 12 812.42, 12 778.20 and 12 685.14(main), where a delay and correction may happen. Break of the latter will give 12 618.40, where correction also can be. Then follows 12 588.04. Be there a strong impulse, we would see 12 525.32. Continuation will bring 12 458.60 and 12 428.22.

Todays resistance: - 12 879.28, 12 976.36, 13 050.14 and 13 084.00(main), where a delay and correction may happen. Break would bring 13 100.63, where a correction may happen. Then follows 13 117.50, where a delay and correction could also be. Be there a strong impulse, wed see 13 142.81. Continuation would bring 13 160.00.

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