Up strongly overnight on Sovereign Wealth Funds demand for Euros from what I have heard. Still bearish below the falling resistance coming in at 1.5601 today and a break above this level by let’s say 20 pips or so is bullish signal. To the downside support is now coming in at 1.5344 (38,20% Fibonacci retracement of the recent 1.4438 to 1.59030 move, see 240 min chart). Rising support at 1.5104 and break out level of 1.4967.

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

Resistance: 1.5601 (falling res), 1.5903 (all time high), 1.6000(psychological level)

240 min – 38,20% Fibonacci retracement of the recent 1.4438 to 1.59030 move is at 1.5344


Interim trend is down as long as 1.9980 falling resistance holds. Break above this level would be bullish. Key support is that former overhead resistance coming in at 1.9705 today, which have held up so far on this latest down move.

Support: 1.9736 (break out level), 1.9705 (former overhead res), 1.9650, (break out level), 1.9360, 1.9337 (key Jan low), 1.9310

Resistance: 1.9980 (falling res), 2.0447 (overhead res), 2.0570 (trend channel resistance)

120 min – Key support at 1.9705 and falling resistance at 1.9980 today.


Took out the falling resistance at 1.0180 yesterday and getting close to the next key resistance which is 1.0290 (former underlying support). Any approach towards 1.0290 resistance looks like a selling opportunity. Needs to hold 1.0100 to keep the recent bullish momentum going.

Support: 1.0100 (yesterday’s low), 0.9647 (all time low)

Resistance: 1.0290(former underlying support), 1.0350, 1.0728 (prior low), 1.0936 (break down level),


Broke above the interim falling resistance at 101.20 yesterday, which relieves the downside pressure near term, but need to hold the interim rising support at 99.60 to maintain the bullish momentum.

Support: 99.60 (interim rising support), 95.70 (yearly low)

Resistance: 102.02 (former underlying sup), 104.95 (former 2008 low), 105.70 (former key support), 107.04 (former rising support), 107.25 (falling res), 108.63 (overhead res), 110.00, 110.70, 112.80 (key level) 114.60 (key level), 114.73 (reaction high 11/7-07)


Seems to have found good support towards the 151.70 level on Thursday and JPY is weaker across the board the last few days. Interim falling resistance is at 157.13 today, so any approach towards this level at, least the first test, looks like an interesting shorting opportunity. Have overhead resistance coming in at 159.00 and falling resistance at 159.20 today (from Dec 08 high).

Support: 153.60, 151.70 (last week’s low)

Resistance: 157.13 (falling res), 159.00 (overhead res), 159.20 (falling res), 161.60 (minor res), 162.17 (key res)


The break above 1.0030 last week was the trigger for the spike higher. Next key resistance is now the 2008 high at 1.0378 and any approach of this level should meet selling interest, at least on the first test. Former overhead resistance coming in at 1.0050 today that should act as a support today.

Support: 1.0050 (former overhear res), 1.0030 (break out level), 0.9796 (rising support from Nov07 low), 0.9710 (28/2 low), 0.9639 (underlying support)

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


Rising support coming in at 0.7712 today and while above this level the outlook remains bullish.

Support: 0.7712 (interim rising sup), 0.7612 (former high), 0.7597(key level), 0.7515 (former res)

Resistance: 0.7910 (all time high)


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.