Economic Calendar

Friday, July 25, 2008

Forex and Dow Jones Recommended Levels

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Daily Forex Technicals | Written by FXtechtrade | Jul 25 08 04:20 GMT |

EUR/USD

Today's support: - 1.5660, 1.5643 and 1.5612 (main), where correction is possible. Break would give 1.5594, where correction also may be. Then follows 1.5568. Break of the latter would result in 1.5546. If a strong impulse, we would see 1.5527. Continuation will give 1.5514 and 1.5487.

Today's resistance: - 1.5715, 1.5731 and 1.5760 (main). Break would give 1.5782, where a correction is possible. Then goes 1.5805. Break of the latter would result in 1.5828. If a strong impulse, we'd see 1.5851. Continuation will give 1.5874.

USD/JPY

Today's support: - 106.87 and 106.65(main). Break would bring 106.50, where correction is possible. Then 106.33. If a strong impulse, we would see 106.20. Continuation would give 106.04.

Today's resistance: - 107.33, 107.50, 107.88 and 108.11(main), where a correction may happen. Break would bring 108.26, where also a correction may be. Then 108.38. If a strong impulse, we would see 108.54. Continuation will give 108.73 and 108.90.

DOW JONES INDEX

Today's support: - 11 325.94(main), where a delay and correction may happen. Break of the latter will give 11 290.00, where correction also can be. Then follows 11 261.60. Be there a strong impulse, we would see 11 238.68. Continuation will bring 11 193.54 and 11 160.00.

Today's resistance: - 11 377.96 and 11 441.22(main), where a delay and correction may happen. Break would bring 11 478.00, where a correction may happen. Then follows 11 514.30, where a delay and correction could also be. Be there a strong impulse, we'd see 11 542.40. Continuation would bring 11 576.23 and 11 610.00.

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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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