Economic Calendar

Wednesday, July 9, 2008

Forex and Dow Jones Recommended Levels

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Daily Forex Technicals | Written by FXtechtrade | Jul 09 08 02:21 GMT |
EUR/USD

Today's support: - 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: - 1.5686, 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: - 107.21 and 106.98(main). Break would bring 106.84, where correction is possible. Then 106.57. If a strong impulse, we would see 106.42. Continuation would give 106.20and 105.94.

Today's resistance: - 107.77 and 108.00(main), where a correction may happen. Break would bring 108.19, where also a correction may be. Then 108.37. If a strong impulse, we would see 108.68. Continuation will give 108.86 and 108.92.
DOW JONES INDEX

Today's support: - 11 324.53, 11 283.74, 11 261.20 and 11 238.40 (main), where a delay and correction may happen. Break of the latter will give 11 210.63, where correction also can be. Then follows 11 193.72. Be there a strong impulse, we would see 11 179.68. Continuation will bring 11 162.60.

Today's resistance: - 11 396.22, 11 418.80 and 11 441.26 (main), where a delay and correction may happen. Break would bring 11 469.38, where a correction may happen. Then follows 11 497.46, where a delay and correction could also be. Be there a strong impulse, we'd see 11 523.50. Continuation would bring 11 545.20.

FXtechtrade
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