Economic Calendar

Thursday, November 20, 2008

Forex and Dow Jones Recommended Levels

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Daily Forex Technicals | Written by FXtechtrade | Nov 20 08 08:17 GMT |

EUR/USD

Today's support: - 1.2465(main), where correction is possible. Break would give 1.2453, where correction also may be. Then follows 1.2428. Break of the latter would result in 1.2405. If a strong impulse, we would see 1.2377. Continuation will give 1.2351 and 1.2333.

Today's resistance: - 1.2577, 1.2611, 1.2643 and 1.2670(main). Break would give 1.2692, where a correction is possible. Then goes 1.2713. Break of the latter would result in 1.2734. If a strong impulse, we'd see 1.2774. Continuation will give 1.2808 and 1.2878.

USD/JPY

Today's support: - 94.70 and 94.38(main). Break would bring 94.17, where correction is possible. Then 94.03. If a strong impulse, we would see 93.88. Continuation would give 93.63.

Today's resistance: - 95.85 and 96.32(main), where a correction may happen. Break would bring 96.55, where also a correction may be. Then 96.86. If a strong impulse, we would see 97.08. Continuation will give 97.17 and 97.43.

DOW JONES INDEX

Today's support: - 8187.18, 8139.36 and 8100.13 (main), where a delay and correction may happen. Break of the latter will give 8066.22, where correction also can be. Then follows 8021.20. Be there a strong impulse, we would see 7998.65. Continuation will bring 7952.70 and 7921.83.

Today's resistance: - 8381.25 and 8404.10(main), where a delay and correction may happen. Break would bring 8455.37, where a correction may happen. Then follows 8482.46, where a delay and correction could also be. Be there a strong impulse, we'd see 8516.20. Continuation would bring 8533.11 and 8554.57.

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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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