Economic Calendar

Monday, July 21, 2008

Forex and Dow Jones Recommended Levels

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Daily Forex Technicals | Written by FXtechtrade | Jul 21 08 07:51 GMT |

EUR/USD

Today's support: - 1.5825, 1.5806 and 1.5781(main), where correction is possible. Break would give 1.5750, where correction also may be. Then follows 1.5728. Break of the latter would result in 1.5716. If a strong impulse, we would see 1.5694. Continuation will give 1.5678.

Today's resistance: - 1.5876, 1.5896, 1.5963 and 1.5997(main). Break would give 1.6023, where a correction is possible. Then goes 1.6054. Break of the latter would result in 1.6076. If a strong impulse, we'd see 1.6098. Continuation will give 1.6120.


USD/JPY

Today's support: - 106.30, 106.02, 105.74 and 105.57(main). Break would bring 105.36, where correction is possible. Then 105.02. If a strong impulse, we would see 104.77. Continuation would give 104.43.

Today's resistance: - 107.12 and 107.24(main), where a correction may happen. Break would bring 107.35, where also a correction may be. Then 107.66. If a strong impulse, we would see 107.87. Continuation will give 108.11 and 108.26.

DOW JONES INDEX

Today's support: - 11 409.40, 11 348.80 and 11 325.94(main), where a delay and correction may happen. Break of the latter will give 11 289.37, where correction also can be. Then follows 11 261.10. Be there a strong impulse, we would see 11 233.13. Continuation will bring 11 193.75 and 11 162.14.

Today's resistance: - 11 521.50 (main), where a delay and correction may happen. Break would bring 11 548.13, where a correction may happen. Then follows 11 566.00, where a delay and correction could also be. Be there a strong impulse, we'd see 11 579.06. Continuation would bring 11 607.18 and 11 621.22.

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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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