| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Technicals
EUR/USD Technical Analysis 24 July 2008
EUR/USD 1.5705 - 24 July
The Euro continued descending yesterday against the US Dollar Tuesday Wednesday's top 1.5797 to the bottom 1.5671, which are the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support is expected at 1.5600, followed by 1.5535. In upward direction next resistance for today is expected at 1.5865, the break of which would lead to next target 1.5940.
Technical resistance levels: 1.5800 1.5865 1.5940
Technical support levels: 1.5670 1.5600 1.5535
Trading range: 1.5715 - 1.5655
Trend: Downward
Sell at 1.5705 SL 1.5735 TP 1.5665
Yesterday we made +48 pips profit on EUR/USD from the following signal:
5:56 GMT+1 Sell EUR/USD at 1.5796 SL 1.5822 TP 1.5746 exited 8:13 GMT+1
Total yesterday +186, as shown at www.zifx.com/performance.php
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