Economic Calendar

Friday, July 4, 2008

Forex and Dow Jones Recommended Levels

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Daily Forex Technicals | Written by FXtechtrade | Jul 04 08 02:24 GMT |

EUR/USD

Today's support: - 1.5654, 1.5636 and 1.5612(main), where correction is possible. Break would give 1.5596, where correction also may be. Then follows 1.5568. Break of the latter would result in 1.5543. If a strong impulse, we would see 1.5510. Continuation will give 1.5492.

Today's resistance: - 1.5708 and 1.5731(main). Break would give 1.5752, where a correction is possible. Then goes 1.5764. Break of the latter would result in 1.5795. If a strong impulse, we'd see 1.5820. Continuation will give 1.5846.
USD/JPY

Today's support: - 106.20, 105.94 and 105.72(main). Break would bring 105.53, where correction is possible. Then 105.24. If a strong impulse, we would see 105.05. Continuation would give 104.74 and 104.51.

Today's resistance: - 107.10 and 107.33(main), where a correction may happen. Break would bring 107.56, where also a correction may be. Then 107.81. If a strong impulse, we would see 108.03. Continuation will give 108.19 and 108.37.
DOW JONES INDEX

Today's support: - 11 125.00, 11 193.72, 11 179.68 and 11 162.60 (main), where a delay and correction may happen. Break of the latter will give 11 138.20, where correction also can be. Then follows 11 116.38. Be there a strong impulse, we would see 11 093.90. Continuation will bring 11 072.00 and 11 058.74.

Today's resistance: - 11 296.30, 11 317.40 and 11 340.00 (main), where a delay and correction may happen. Break would bring 11 373.72, where a correction may happen. Then follows 11 396.22, where a delay and correction could also be. Be there a strong impulse, we'd see 11 418.80. Continuation would bring 11 441.26.

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Disclaimer: Any information presented by Nikolajs Serikovs at this very website should be in no way understood as an offer, promise or guarantee for receiving a profit or avoiding the losses. Stated here levels of support and resistance must not be construed as an investment advice or endorsement for any financial instrument. There exists no guarantee that the market would behave in accordance with the information stated here Prepared in Republic of Latvia for the worldwide distribution.


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