FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | May 22 09 01:27 GMT |

Euro 1.3910 Initial support at 1.3531 (May 19 low) followed by 1.3424 (May 18 low). Initial resistance is now located at 1.3963 (Jan 5 high) followed by 1.4058 (Jan 2 high) Yen 94.20 Initial support is located at 93.98 (Mar 20 low) followed by 93.54 (Mar 19 low). Initial resistance is now at 96.70 (May 19 high) followed by 97.84 (May 11 high). Pound 1.5850 Initial support at 1.5450 (May 20 low) followed by 1.5296 (May 19 low). Initial resistance is now at 1.5891 (May 21 high) followed by 1.6198 (Nov 5 high). Australian Dollar 0.7785 Initial support at 0.7630 (May 20 low) followed by the 0.7451 (May 18 low). Initial resistance is now at 0.8097 (Sep 30 high) followed by 0.8348 (Oct 6 high). Gold 953 Initial support at 916 (May 18 low) followed by 906 (May 8 low). Initial resistance is now at 956 (Mar 21 high) followed by 967 (Mar 20 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.3424 1.3531 1.3910 1.3963 1.4058 USD/JPY 93.54 93.98 94.20 96.70 97.84 GBP/USD 1.5296 1.5450 1.5850 1.5891 1.6198 AUD/USD 0.7451 0.7630 0.7785 0.8097 0.8348 XAU/USD 906.00 916.00 953.00 956.00 967.00 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