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Technicals

Forex and Dow Jones recommended levels

Fxtechtrade
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15 May 2008 @ 10:36 pm EST
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May 16, 2008

GMT 03:26

EUR/USD

Todays support: - 1.5435 and 1.5411(main), where correction is possible. Break would give 1.5386, where correction also may be. Then follows 1.5361. Break of the latter would result in 1.5334. If a strong impulse, we would see 1.5312. Continuation will give 1.5288.

Todays resistance: - 1.5503, 1.5514 and 1.5528(main). Break would give 1.5544, where a correction is possible. Then goes 1.5571. Break of the latter would result in 1.5596. If a strong impulse, wed see 1.5618. Continuation will give 1.5634.

USD/JPY

Todays support: - 104.37 and 103.92(main). Break would bring 103.77, where correction is possible. Then 103.52. If a strong impulse, we would see 103.16. Continuation would give 102.98.

Todays resistance: - 105.09, 105.38 and 105.54(main), where a correction may happen. Break would bring 105.73, where also a correction may be. Then 106.06. If a strong impulse, we would see 106.30. Continuation will give 106.52.

DOW JONES INDEX

Todays support: - 12 947.68, 12 917.81 and 12 892.46(main), where a delay and correction may happen. Break of the latter will give 12 872.11, where correction also can be. Then follows 12 857.34. Be there a strong impulse, we would see 12 813.72. Continuation will bring 12 780.00.

Todays resistance: - 13 013.44(main), where a delay and correction may happen. Break would bring 13 030.31, where a correction may happen. Then follows 13 050.14, where a delay and correction could also be. Be there a strong impulse, wed see 13 100.63. Continuation would bring 13 117.50.

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