FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | May 28 09 01:30 GMT |

Euro 1.3830 Initial support at 1.3728 (May 21 low) followed by 1.3728 (May 21 low). Initial resistance is now located at 1.4058 (Jan 2 high) followed by 1.4148 (Dec 31 high) Yen 95.35 Initial support is located at 93.54 (Mar 19 low) followed by 92.52 (Mar 19 low). Initial resistance is now at 96.70 (May 19 high) followed by 97.84 (May 19 high). Pound 1.5950 Initial support at 1.5757 (May 22 low) followed by 1.5576 (23.6% retrace 1.4398 to 1.5944). Initial resistance is now at 1.6198 (Nov 5 high) followed by 1.6464 (Oct 31 high). Australian Dollar 0.7765 Initial support at 0.7703 (May 26 low) followed by the 0.7630 (May 19 low). Initial resistance is now at 0.7929 (50% retracement of 0.9847-0.6012 decline) followed by 0.8097 (Sep 30 high). Gold 945 Initial support at 936 (May 21 low) followed by 925 (May 20 low). Initial resistance is now at 967 (Mar 20 high) followed by 978 (Feb 25 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.3531 1.3728 1.3830 1.4058 1.4148 USD/JPY 92.52 93.54 95.35 96.70 97.84 GBP/USD 1.5576 1.5757 1.5950 1.6198 1.6464 AUD/USD 0.7630 0.7703 0.7765 0.7929 0.8097 XAU/USD 925.00 936.00 945.00 967.00 978.00 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