Euro Technical Major Currencies (2010-02-16)

By IBTimes Staff Reporter | February 16 2010 1:53 AM

Morning Report

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The pair is calmly nearing minor resistance 1.3670, mentioned in our reports yesterday, where we still awaited the breach of this level to pave the way to achieve a possible bullish intraday direction also. The first target is around 1.3800, as long as 1.3505 remains intact these expectations will prevail.

The trading range for today is among the key support at 1.3505 and the key resistance at 1.3800.

The general trend is to the upside as far as 1.3485 remains intact with targets at 1.6000.

Previous Report Weekly ReportSupport1.35751.35051.34851.34101.3360Resistance1.36701.37451.38001.38751.3920RecommendationBased on the charts and explanations above our opinion is buying the pair with the breach of 1.3670 targeting 1.3800 and stop loss below 1.3575, might be appropriate.

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