WeeklyReport 26 - 30 / April / 2010

We still haven't received reassurance of returning within the previously breached ascending channel, inline with conflicting technical signs that will add more confusion on the direction assurance. The pair has completely halted at support which is at 1.0735. from here, we recommend following up on the daily reports for more information and assurance.

The trading range for today is among the key support at 1.0540 and the key resistance at 1.0945.

The short term trend is to the downside as far as 1.1095 remains intact with targets at 0.9910.

Previous ReportSupport1.07351.06701.06051.05651.0505Resistance1.08401.08951.09451.10001.1050RecommendationWe recommend following up on the daily reports awaiting for more assurance.