Economic Calendar

Thursday, October 23, 2008

Forex and Dow Jones Recommended Levels

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Daily Forex Technicals | Written by Finotec Group | Oct 23 08 09:00 GMT |

EUR/USD

Today's support: - 1.2693(main), where correction is possible. Break would give 1.2651, where correction also may be. Then follows 1.2608. Break of the latter would result in 1.2557. If a strong impulse, we would see 1.2506. Continuation will give 1.2451 and 1.2418.

Today's resistance: - 1.2881 and 1.2966(main). Break would give 1.3005 и 1.3047, where a correction is possible. Then goes 1.3137. Break of the latter would result in 1.3163. If a strong impulse, we'd see 1.3184. Continuation will give 1.3227 and 1.3252.

USD/JPY

Today's support: - 96.36(main). Break would bring 95.82, where correction is possible. Then 95.44. If a strong impulse, we would see 94.67. Continuation would give 94.50.

Today's resistance: - 98.66 and 99.23(main), where a correction may happen. Break would bring 99.48, where also a correction may be. Then 99.71. If a strong impulse, we would see 102.32. Continuation will give 102.60.

DOW JONES INDEX

Today's support: - 8457.37and 8403.44(main), where a delay and correction may happen. Break of the latter will give 8364.20, where correction also can be. Then follows 8302.50. Be there a strong impulse, we would see 8282.23. Continuation will bring 8201.25.

Today's resistance: - 8695.80, 8707.50 and 8744.25(main), where a delay and correction may happen. Break would bring 8808.60 where a correction may happen. Then follows 8843.50, where a delay and correction could also be. Be there a strong impulse, we'd see 8911.06. Continuation would bring 8933.50 and 9000.10

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