by Thu, 28 Oct 2010 02:15:00 +0200
Forex: EUR/USD: bearish momentum extends
FXstreet.com (Buenos Aires) – USD/JPY Current Price: 81.68. Consolidating in a tight range since mid American session, pair rose past Asian hours to the 82.00 price zone, where Japanese buyers put a halt in the run; currently struggling around 81.60 static resistance area.
Pair shows price below a flat 20 SMA while indicators are heading south, with no aims of reversing current bias; bigger time frames indicators are showing signs of exhaustion to the upside, suggesting a retest of the 81.00/10 price zone,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 81.60 81.10 80.85. Resistance levels: 81.90 82.25 82.50.
| Technical Analysis (2010-10-28 00:00 GMT) | |
|---|---|
EUR/USD 1.3793/1.3795 - O: 1.3956 H: 1.3957 L: 1.3924 C: 1.3927 | |
| Trend | R3: 1.3873 |
 | R2: 1.3839 |
| R1: 1.3804 | |
| S1: 1.3725 | |
| S2: 1.3760 | |
| S3: 1.3794 | |
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