| Support | 1.3900 | 1.3665 | 1.3350 |
| Resistance | 1.4575 | 1.4695 | 1.4940 |
Friday, July 29, 2011
EUR/USD Technical Analysis 29th July 2011
The euro broke the support level at it’s 100-day moving average (exponential) at 1.4215 and 38,2% Fibonacci correction of the rise from 1.2873 to 1.4939. This level acts as a resistance of the following upward move. If the pair breaks through this level next resistance level is expected at recent high at 1.4575, followed by 1.4695 and 1.4940. In the opposite direction next support level is 1.3900 direction first resistance is seen at recent high at 1.4575, followed by 1.4695 and 1.4940.
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