16/6/09
Last: 1.3837
Pivot: 1.375
1st sup. 1.375
2nd sup. 1.3675
3rd sup. 1.3625
1st res. 1.389
2nd res. 1.3945
3rd res. 1.4025
Title: EUR/USD intraday: rebound expected.
Summary: Update on supports and resistances.
Story: Pivot: 1.3750.
Our Preference: LONG positions @ 1.376 with 1.389 & 1.3945 in sight.
Alternative scenario: The downside breakout of 1.375 will open the way to 1.3675 & 1.3625.
Comment: the RSI is well directed, the pair is rebounding on its support and should reach its next resistance.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.4025** Intraday resistance
1.3945** Intraday resistance
1.389** Intraday resistance
1.3837 Last
1.375** Intraday pivot point
1.3675** Intraday support
1.3625** Intraday support
