S&P 500 Falls Through 1363.50

Published 05/10/2012, 05:45 AM
Updated 02/02/2022, 05:40 AM
S&P 500:

Yesterday the market formed some hammer candlesticks; these were negated as the S&P fell through the support at 1363.50. We can now test 1347.40 and then 1339.40. Below that sees 1313.00.

A push higher sees the resistance level at 1363.50.5

The Euro Continues Its Fall, Closer To The January Lows 

EUR/USD:

The euro continues to fall towards the January lows.

We see support 1.2622 (January low) which if holds will be good for this market. While below the resistance and May high at 1.3283, the euro remains weak. Key resistance remains at 1.3080, but he market must accelerate through the key level at 1.3000 first.

Looking down supports are at 1.2880 and 1.2810. 6
The EUR-NOK 

The market looks to be forming a base after falling over the last few weeks. The latest move back above the 7.49 level could test the resistance at 7.60. Above that level could test  7. Alternatively we see support at 7.45. 7

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