The interim rising support on daily chart (at 1.5735 today) that has held up mostly except for a spike down below it right on the Asian open, but moved back above fairly quickly. So expect his line to provide support today. Then key support is 1.5500 and a break below this level would be bearish. To the upside the 1.5915 resistance level is still key level that needs to be taken out to extend towards sub 1.60 levels.

Support: 1.5735 (rising sup), 1.5500 (key level), 1.5344 (38,20% Fibonacci) 1.5104 (rising support), 1.4967 (break out level)

Resistance: 1.5914 (all time high), 1.6000(psychological level)

240 min Rising support coming in at 1.5672.


Bearish momentum is intact below 1.9898 today (falling res). A break above 1.9898 opens for higher levels. Have minor support at 1.9648 level with more support on that former overhead resistance line (now support), coming in at 1.9602 today.

Support: 1.9650 (break out level), 1.9602 (former overhead res), 1.9360, 1.9337 (key Jan low), 1.9310

Resistance: 1.9898 (falling res), 2.0210 (falling res from Nov07 highs)

120 min Falling resistance coming in at 1.9898.


Been consolidating last few sessions after is broke out of that triangle on daily chart last week. Bearish momentum intact below the falling resistance at 1.0156 today, but needs to break below 0.9870 to open for more aggressive sell off.

Support: 0.9870, 0.9647 (all time low)

Resistance: 1.0156 (falling res), 1.0216 (reaction high), 1.0560(former underlying support)


Quite choppy price action of late and break out levels are 100.00 to the downside and 102.67 to the upside. Next key level is former underlying support coming in at 100.00 (last weeks low). Key falling resistance coming in at 102.67 today, expect to see selling pressure on the first test of this resistance line.

Support: 100.00, 98.80, 95.70 (yearly low)

Resistance: 102.67 (falling res), 103.60 (former underlying sup), 104.95 (former 2008 low), 105.70 (former key support)


Could not extend all the way down to the key support at 157.64 yesterday, so still looks range bound between this support level and key resistance at 161.73 level.

Support: 159.00 (former break out level),157.64 (former falling res, now sup), 153.60, 151.70 (yearly low)

Resistance: 161.73 (overhead resistance), 162.17 (key res)


Tested that falling resistance to the point yesterday at 1.0275, but was not able to break above, so keep an eye on this level for today. Key resistance level remains the 2008 high at 1.0378, while have interim rising support at 1.0116 today.

Support: 1.0116 (interim rising support), 0.9950 (rising support from Nov07 low), 0.9710 (28/2 low)

Resistance: 1.0275 (falling res), 1.0378 (key level, overhead res), 1.0400(former key support.)


Broke above the at 0.80 last week, confirming the bullish momentum is strongly intact. Rising support coming in at 0.7893 today and while above this level the outlook remains bullish. Overhead resistance kicking in at 0.8059 level, which I expect to see some selling interest from short term players.

Support: 0.7893 (interim rising sup), 0.7612 (former high), 0.7597(key level), 0.7515 (former res)

Resistance: 0.8059 (overhead resistance)


Risk Warning: Any information in this report is based on data considered to be reliable, but no representations or guarantees are made by Avantage Financial GmbH with regard to the accuracy of the data. This information is provided on condition that we accept no responsibility, legal or other for its contents. We, including our directors, officers, employees or publishers, disclaim all liabilities. Any statement constitutes only current opinions, which are subject to change. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. Regardless of the account type you choose, there are risks inherent in trading, including the risk of loss greater than the original investment. The opportunity for profit creates a corresponding risk of loss. Anyone wishing to invest in any of the products mentioned should seek their own financial or professional advice. Prices can go down as well as up. Past performance is no guarantee of future results.