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Daily Analysis

Published 05/28/2008, 08:00 PM
May 29, 2008

GMT  02:45

EUR/USD

Today’s support: - 1.5615 (main)

, where correction is possible. Break would give  1.5592, where correction also may be. Then follows 1.5565. Break of the latter would result in 1.5542. If a strong impulse, we would see 1.5526. Continuation will give 1.5512 and 1.5488.
Today’s resistance:  - 1.5716, 1.5753, 1.5796 and 1.5818(main). Break would give 1.5833, where a correction is possible. Then goes 1.5850. Break of the latter would result in 1.5885. If a strong impulse, we’d see 1.5896. Continuation will give 1.5920.

USD/JPY

Today’s support: - 104.62 and 104.40(main). Break would bring 104.29, where correction is possible. Then 104.15. If a strong impulse, we would see 103.84. Continuation would give 103.52.
Today’s resistance: - 105.11 and 105.44(main), where a correction may happen. Break would bring 105.60, where also a correction may be. Then 105.77. If a strong impulse, we would see 105.86. Continuation will give 106.18.

DOW JONES INDEX

Today’s support: -  12 535.30, 12 495.23, 12 452.34 and 12 421.40(main),
where a delay and correction may happen. Break of the latter will give 12 401.72, where correction also can be. Then follows 12 380.63. Be there a strong impulse, we would see 12 358.13. Continuation will bring 12 338.25.
Today’s resistance: - 12 611.28, 12 656.30 and 12 694.22(main), where a delay and correction may happen. Break would bring 12 746.30, where a correction may happen. Then follows 12 780.10, where a delay and correction could also be. Be there a strong impulse, we’d see 12 836.25. Continuation would bring 12 868.59.

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