Economic Calendar

Friday, October 31, 2008

Forex and Dow Jones Recommended Levels

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Daily Forex Technicals | Written by FXtechtrade | Oct 31 08 09:38 GMT |

EUR/USD

Today's support: - 1.2628, 1.2574 and 1.2540 (main), where correction is possible. Break would give 1.2511, where correction also may be. Then follows 1.2476. Break of the latter would result in 1.2443. If a strong impulse, we would see 1.2420. Continuation will give 1.2403 and 1.2380.

Today's resistance: - 1.2758, 1.2825 and 1.2872 (main). Break would give 1.2895, where a correction is possible. Then goes 1.2912. Break of the latter would result in 1.2938. If a strong impulse, we'd see 1.2960. Continuation will give 1.2983 and 1.3010.

USD/JPY

Today's support: - 96.26, 95.85, 95.37 and 94.80(main). Break would bring 94.47 and 94.17, where correction is possible. Then 93.80. If a strong impulse, we would see 93.63. Continuation would give 93.24 and 92.72.

Today's resistance: - 97.67 and 98.23(main), where a correction may happen. Break would bring 98.56, where also a correction may be. Then 98.93. If a strong impulse, we would see 99.45. Continuation will give 99.68, 99.96 and 100.43.

DOW JONES INDEX

Today's support: - 9090.18, 9036.80, 8994.37 and 8932.42(main), where a delay and correction may happen. Break of the latter will give 8910.17, where correction also can be. Then follows 8859.38. Be there a strong impulse, we would see 8808.73. Continuation will bring 8735.61, 8679.42 and 8643.18.

Today's resistance: - 9247.50(main), where a delay and correction may happen. Break would bring 9266.34, where a correction may happen. Then follows 9315.21, where a delay and correction could also be. Be there a strong impulse, we'd see 9343.14. Continuation would bring 9416.22.

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