Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Forex and Dow Jones Recommended Levels

Published 12/22/2011, 01:31 AM
Updated 07/09/2023, 06:31 AM
EUR/USD
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USD/JPY
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GC
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HG
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KC
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LCO
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LSUc1
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SI
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CFI2H5
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CL
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CT
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LCCc1
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LGO
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NG
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SB
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PA
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OJ
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CC
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PL
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RC
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LWBc1
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LHc1
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LCc1
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ZL
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ZS
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ZW
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ZC
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ZM
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NYF
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RR
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MERRY CHRISTMAS AND A HAPPY NEW YEAR !

December 22, 2011

GMT 06:16

EUR/USD


Today’s support: - 1.2997, 1.2961 and 1.2945(main),

where correction is possible. Break would give 1.2926, where correction also may be. Then follows 1.2893. Break of the latter would result in 1.2862. If a strong impulse, we would see 1.2827. Continuation will give 1.2805 and 1.2783.
Today’s resistance: - 1.3084 and 1.3141(main). Break would give 1.3168, where a correction is possible. Then goes 1.3184. Break of the latter would result in 1.3215. If a strong impulse, we’d see 1.3236. Continuation will give 1.3273.

USD/JPY

Today’s support: - 77.68 and
77.43(main). Break would bring 77.13, where correction is possible. Then 76.92, where a correction may also happen. Break of the latter will give 76.73. If a strong impulse, we would see 76.50. Continuation would give 76.39.
Today’s resistance: - 78.18, 78.30, 78.47 and 78.72(main), where a correction may happen. Break would bring 78.96, where also a correction may be. Then 79.23. If a strong impulse, we would see 79.45. Continuation will give 79.64.

DOW JONES INDEX

Today’s support: - 12071.20, 12043.50, 12014.00 and 11985.28(main), where a delay and correction may happen. Break of the latter will give 11882.37, where correction also can be. Then follows 11846.40. Be there a strong impulse, we shall see 11790.00. Continuation will bring 11721.43 and 11695.40.
Today’s resistance: - 12153.14(main), where a delay and correction may happen. Break would bring 12186.27, where a correction may happen. Then follows 12205.32, where a delay and correction could also be. Be there a strong impulse, we’d see 12226.12. Continuation would bring 12245.63.

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