Forex and Dow Jones recommended levels

February 8, 2012 7:28 AM GMT

February 08, 2012

GMT 07:17

EUR/USD

Today's support: - 1.3179 and 1.3148(main), where correction is possible. Break would give 1.3115, where correction also may be. Then follows 1.3084. Break of the latter would result in 1.3050. If a strong impulse, we would see 1.3038. Continuation will give 1.3002 and 1.2974.
Today's resistance: - 1.3301 and 1.3318(main). Break would give 1.3343, where a correction is possible. Then goes 1.3364. Break of the latter would result in 1.3382. If a strong impulse, we'd see 1.3410. Continuation will give 1.3438 and 1.3455.

USD/JPY

Today's support: - 76.43, 76.17 and 75.94(main). Break would bring 75.68, where correction is possible. Then 75.44, where a correction may also happen. Break of the latter will give 75.17. If a strong impulse, we would see 74.98. Continuation would give 74.70.
Today's resistance: - 77.16, 77.64 and 78.12(main), where a correction may happen. Break would bring 78.30, where also a correction may be. Then 78.47. If a strong impulse, we would see 78.72 Continuation will give 78.98 and 79.22.

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DOW JONES INDEX

Today's support: - 12846.50, 12807.13, 12771.33 and 12757.44(main), where a delay and correction may happen. Break of the latter will give 12738.28, where correction also can be. Then follows 12701.25. Be there a strong impulse, we shall see 12679.00. Continuation will bring 12656.23.
Today's resistance: - 12917.00 and 12934.87(main), where a delay and correction may happen. Break would bring 12960.00, where a correction may happen. Then follows 12981.30, where a delay and correction could also be. Be there a strong impulse, we'd see 13007.52. Continuation would bring 13047.38.

This article is contributed by www.fxtechtrade.com and does not represent the views or opinions of International Business Times.
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News From Forex

EUR/USD Weekly Outlook

EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.

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