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Forex and Dow Jones recommended levels

Published 05/21/2008, 08:00 PM
May 22, 2008       

GMT  04:23
EUR/USD

Today’s support: - 1.5744 and 1.5705(main)
, where correction is possible. Break would give 1.5678, where correction also may be. Then follows   1.5644. Break of the latter would result in 1.5627. If a strong impulse, we would see 1.5612. Continuation will give 1.5596.
Today’s resistance:  - 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: - 102.60(main). Break would bring 102.43, where correction is possible. Then 102.21. If a strong impulse, we would see 101.98. Continuation would give 101.70.
Today’s resistance: - 103.27, 103.63, 103.84 and 104.08(main), where a correction may happen. Break would bring 104.29, where also a correction may be. Then 104.65. If a strong impulse, we would see 104.83. Continuation will give 105.13 and 105.32.

DOW JONES INDEX

Today’s support: - 12 552.00, 12 526.17 and 12 510.00(main),
where a delay and correction may happen. Break of the latter will give 12 476.95, where correction also can be. Then follows 12 452.34. Be there a strong impulse, we would see 12 421.40. Continuation will bring 12 401.72.
Today’s resistance: - 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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