Friday, May 1, 2009
Currency Majors Technical Perspective
EUR/USD Price: 1.3272 Consolidation has Price at the Daily Pivot Level of 1.3266 bolstered dynamically by the Hourly 20SMA @ 1.3244. Continuation looks to Daily Static Resistance at the 1.3300 Figure, followed by Dynamic Resistance at 1.3342 followed by the Hourly Double-Top at the 1.3370’s Area. Clearance sees the 1.3400 Handle of Static Resistance. A Failure to maintain the Pivot finds Neutral Momentum leaning through 1.3183 Dynamic Support followed statically by 1.3148 back into Prior