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Forex and Dow Jones recommended levels

Published 08/04/2008, 08:00 PM
August 05, 2008

GMT  04:13

EUR/USD

Today’s support: - 1.5514 and 1.5490 (main)

, where correction is possible. Break would give  1.5466, where correction also may be. Then follows 1.5438. Break of the latter would result in 1.5410. If a strong impulse, we would see 1.5387. Continuation will give 1.5368.
Today’s resistance:  - 1.5581, 1.5594 and 1.5617 (main). Break would give 1.5629, where a correction is possible. Then goes 1.5660. Break of the latter would result in 1.5691. If a strong impulse, we’d see 1.5708. Continuation will give 1.5726.

USD/JPY

Today’s support: - 108.02 and 107.77(main). Break would bring 107.46, where correction is possible. Then 107.22. If a strong impulse, we would see 107.03. Continuation would give 106.87.
Today’s resistance: - 108.38 and 108.60(main), where a correction may happen. Break would bring 108.73, where also a correction may be. Then 108.90. If a strong impulse, we would see 109.15. Continuation will give 109.34 and 109.55.

DOW JONES INDEX

Today’s support: - 11 258.44 and 11 238.68(main),
where a delay and correction may happen. Break of the latter will give 11 193.54, where correction also can be. Then follows 11 168.44. Be there a strong impulse, we would see 11 151.56. Continuation will bring  11 137.50.
Today’s resistance: -  11 340.00, 11 377.96, 11 413.13 and 11 441.22(main), where a delay and correction may happen. Break would bring 11 478.00, where a correction may happen. Then follows 11 514.30, where a delay and correction could also be. Be there a strong impulse, we’d see 11 542.40. Continuation would bring 11 576.23 and 11 610.00.

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