27 September 2010 print this articleBuy a break on the resistance level of 1.3650Sell a break on the support level at 1.3415Buy a pause at the resistance level of 1.3510Sell a break on the support level at 1.3280Sell a failure to break the resistance 1.3650
Basic
The euro weakened from a five-month high against the dollar as speculation European banks need more money curbed demand for assets in the region of the 16-nation.Europe's currency decreased versus all 16 major counterparts before Ireland reveals this week, the costs of the caper, Anglo Irish Bank Corp, in addition to the euro slipped also from an eight-week high versus the yen after Der Spiegel reported the Commission lacks confidence in the viability of the German regional lenders.
Technical
Technical analysis shows the euro can continue its uptrend after a small fix. We note the demand on the market by means of indicators such as MACD, which gives us a buying signal. RSI provides an offensive signal. Bollinger is a neutral position by closing the candle below higher band.
EUR/USD (daily chart)
The primary trend is clearly a downtrend.
EUR/USD (4-hour chart)
The couple bounces on the Middle Bollinger band.
EUR/USD (per hour chart)
Less tendency to face a strong resistance.
Resistance
1. the 3650
1.3510
Support
1.5,250
1.3280
Finotec Analysis Team27 September 2010
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