FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | May 06 09 01:33 GMT |

Euro 1.3295 Initial support at 1.3211 (38.2% retrace 1.2886 to 1.3736) followed by 1.3121 (Apr 29 low). Initial resistance is now located at 1.3538 (76.4% retrace 1.2886 to 1.3736) at followed by 1.3582 (Apr 6 high) Yen 98.70 Initial support is located at 98.53 (May 5 low) followed by 97.15 (Apr 30 low). Initial resistance is now at 99.75 (Apr 17 high) followed by 100.43 (Apr 14 high). Pound 1.5045 Initial support at 1.4836 (May 4 low) followed by 1.4704 (Apr 30 low). Initial resistance is now at 1.5373 (Jan 8 high) followed by 1.5477 (Jan 12 high). Australian Dollar 0.7380 Initial support at 0.7300 (May 4 low) followed by the 0.7233 (Apr 30 low). Initial resistance is now at 0.7560 (61.8% retrace 0.6009 to 0.8519) followed by 0.7738 (Oct 6 high). Gold 898 Initial support at 878 (Apr 21 low) followed by 864 (Apr 17 low). Initial resistance is now at 918 (Apr 27 high) followed by 933 (Apr 1 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.3121 1.3211 1.3295 1.3538 1.3582 USD/JPY 97.15 98.53 98.70 99.75 100.43 GBP/USD 1.4704 1.4836 1.5045 1.5373 1.5477 AUD/USD 0.7233 0.7300 0.7380 0.7560 0.7738 XAU/USD 864.00 878.00 898.00 918.00 933.00 Easy Forex http://www.easy-forex.com Easy-Forex makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. Therefore you should consider whether these products are appropriate in view of your objectives, financial situation and needs as well as considering the risks associated in dealing with those products