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Note: Bid/Ask quotes do not change instantaneously in this table.
Thus: The spreads may differ to the fixed spreads on your platform.
EUR/USD Key Technical Support / Resistance Points
Resistance 3 |
1.6200 |
|
Resistance 2 |
1.6100 |
|
| Resistance 1 |
1.6015 |
|
| Current Spot |
1.5471 |
Close May 13 |
| Support 1 |
1.5289 |
|
| Support 2 |
1.5283 |
Low Mar 11 |
| Support 3 |
|
|
| 1.5145 |
1.5283 |
1.5289 |
 |
1.6015 |
1.6100 |
1.6200 |
 |
Current trading range with key
support and resistance levels.
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EUR/USD – Technical Indicators: Close May 13 2008
| Indicator |
Reading |
Interpretation |
Signal |
| Momentum* |
-0.0105 |
Downside. Rising. |
Bearish |
| RSI** |
44.50 |
Falling. |
Neutral |
Stochastic
Slow*** |
%D 30.41
%K 23.44
|
Rising. |
Neutral |
| ADX |
24.55 |
Strongish Trend |
Bearish |
| Candlestick |
Long Period |
Downside |
Bearish |
| MACD |
-0.0055 |
MACD is negative and decreasing |
Bearish |
Bollinger
Bands |
Low: 1.5247
High: 1.6026 |
Bands expanding as price is moving downwards |
Bearish |
Simple and Exponential
Moving Averages# |
3 day = 1.5480
20 day = 1.5578
60 day = 1.5456
100 day = 1.5185 |
Price closed between 20 and 60 day MA levels |
Coming back to realistic price level |
*10 Day Period. ** 14 Day Period. *** Parameters = 14,3,3
# 100 Day is Simple Moving Average. 3, 20 and 60 day are Exponential Moving Averages
Technical Note
The pair drifted to the downside on Tuesday, shedding 61 pips on the day as the dollar resumed control. Momentum is with the dollar on the dailies again into Wednesday and MACD signals a negative downtrend and one which is decreasing in value, also favouring the dollar. The RSI and Stochastic indicators are neutral and allow scope for price movement on either side. The ADX indicator does not signal any real trend, but with the Bollinger trading bands expanding owing to recent downside price pressure, a continuation to the downside on Wednesday is possible. If the dollar does take the pair lower, a break below Tuesday's low of 1.5430 should see the pair decline to test support at the 1.54 line. Any sustained break below 1.54 could trigger a sharper retreat back towards 1.5350, where a convincing break could see the pair decline to test the 2-month low at 1.5287 over the next two sessions.
If the euro does manage to regain the advantage and the pair does rally to the upside on Wednesday, a break back above 1.55 could see the pair rise to take on Tuesday's high at 1.5565. A sustained break above this level could trigger a rally towards the 1.56 line, a key resistance point, where the pair has stalled twice in the past 10 days.
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