Technicals

EUR/USD Fundamental Outlook at 1500 GMT (EST + 0500) How Long Can the Dollar Remain Strong? Forex and Dow Jones recommended levels More EUR/USD USD/JPY Technical Analysis 7 October 2008 Forexpros.com Daily Analysis - 07.10.08 Forex and Dow Jones recommended levels More USD/JPY

May 12, 2008

GMT 03:52

EUR/USD

Todays support: - 1.5418(main), where correction is possible. Break would give 1.5393, where correction also may be. Then follows 1.5370. Break of the latter would result in 1.5338. If a strong impulse, we would see 1.5310. Continuation will give 1.5286.

Todays resistance: - 1.5488 and 1.5506(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: - 102.46 and 102.25(main). Break would bring 102.03, where correction is possible. Then 101.88. If a strong impulse, we would see 101.60. Continuation would give 101.33.

Todays resistance: - 103.42, 103.70, 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: - 12 685.14(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: - 12 836.26, 12 879.28, 12 976.36 and 13 050.14(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.