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Today's Market Outlook

Autore: Written by ActionForex.com

2010-04-30 11:02:00

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The latest rebound of 1.5141, yesterday's low, has extended gains through 1.5283/93 and 1.5351 resistances, to reach 1.5389 thus far. This now increases possibilities for final push towards 1.5497/1.5508, with correction on overbought hourly studies seen preceding the rally. 1.5285 offers initial support.

Res: 1.5389, 1.5420, 1.5473, 1.5497

Multiweek flag drives market higher, with break through hourly triangle, triggering the latest rise that reached 1.0922 on 28 Apr. 1.0759 now supports for the next leg higher, and break through 1.0922, to expose 1.1026, 24 Jun 09 high.

Res: 1.0868, 1.0922, 1.0940, 1.0956

Windsor Brokers Ltd

The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.


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