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Forex and Dow Jones recommended levels

18 Nov, 2008 @ 01:28 am ET | written by FX Technical Trading


November 18, 2008

GMT 06:07

EUR/USD

Today’s support: - 1.2577, 1.2532, 1.2490 and 1.2476(main), where correction is possible. Break would give 1.2453, where correction also may be. Then follows 1.2428. Break of the latter would result in 1.2405. If a strong impulse, we would see 1.2377. Continuation will give 1.2351 and 1.2333.

Today’s resistance: - 1.2643 and 1.2670(main). Break would give 1.2692, where a correction is possible. Then goes 1.2713. Break of the latter would result in 1.2734. If a strong impulse, we’d see 1.2774. Continuation will give 1.2808 and 1.2878.

USD/JPY

Today’s support: - 96.30 and 96.08(main). Break would bring 95.83, where correction is possible. Then 95.62. If a strong impulse, we would see 95.40. Continuation would give 94.70.

Today’s resistance: - 98.14, 98.49, 98.77 and 99.00 (main), where a correction may happen. Break would bring 99.26, where also a correction may be. Then 99.42. If a strong impulse, we would see 99.70. Continuation will give 99.94 and 100.22.

DOW JONES INDEX

Today’s support: - 8353.14, 8280.00 and 8223.78 (main), where a delay and correction may happen. Break of the latter will give 8193.62, where correction also can be. Then follows 8166.50. Be there a strong impulse, we would see 8142.12. Continuation will bring 8100.13, 8049.34 and 8010.07.

Today’s resistance: - 8606.30 and 8656.88(main), where a delay and correction may happen. Break would bring 8734.62, where a correction may happen. Then follows 8814.37, where a delay and correction could also be. Be there a strong impulse, we’d see 8860.37. Continuation would bring 8910.12, 8961.40 and 9000.00.

For more forex information, go to www.fxtechtrade.com

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