Economic Calendar

Monday, October 27, 2008

Forex and Dow Jones Recommended Levels

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Daily Forex Technicals | Written by FXtechtrade | Oct 27 08 08:27 GMT |

EUR/USD

Today's support: - 1.2438, 1.2414 and 1.2397(main), where correction is possible. Break would give 1.2376, where correction also may be. Then follows 1.2354. Break of the latter would result in 1.2332. If a strong impulse, we would see 1.2309. Continuation will give 1.2285 and 1.2271.

Today's resistance: - 1.2513 and 1.2570(main). Break would give 1.2604, where a correction is possible. Then goes 1.2625. Break of the latter would result in 1.2643. If a strong impulse, we'd see 1.2672. Continuation will give 1.2690.

USD/JPY

Today's support: - 9592.36and 91.97(main). Break would bring 91.38, where correction is possible. Then 91.13. If a strong impulse, we would see 90.35. Continuation would give 90.12.

Today's resistance: - 93.82, 9694.19and 94.50(main), where a correction may happen. Break would bring 94.89, where also a correction may be. Then 95.16. If a strong impulse, we would see 95.41. Continuation will give 95.66 and 96.06.

DOW JONES INDEX

Today's support: - 8282.23 and 8246.22(main), where a delay and correction may happen. Break of the latter will give 8201.25, where correction also can be. Then follows 8185.77. Be there a strong impulse, we would see 8150.63. Continuation will bring 8123.30 and 8100.16.

Today's resistance: - 8466.62, 8508.00 and 8572.50 (main), where a delay and correction may happen. Break would bring 8610.47, where a correction may happen. Then follows 8641.30, where a delay and correction could also be. Be there a strong impulse, we'd see 8679.38. Continuation would bring 8713.11 and 8728.42.

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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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