Technical Trading Update Jan 20 2011
Want FULL ACCESS To
ROSS’ DAILY TRADE ROOM?
Simply Click The Get Started Button Right Now!
The Daily Trader update provides technical analysis of major currency pairs and forex market conditions at the time of the post. The support and resistance levels posted and current market price could be dramatically different from what you are seeing at the moment.
EUR/USD – Current 1.3470
Overview – Break of the daily trend line this week has given rise to test 1.3500. So far unable to break resistance at 1.3485 but holding above previous resistance at 1.3415. More upside expected on break of 1.3500 otherwise a fall below 1.3400 could see a move back to 1.3200.
Resistance – 1.3485 / 1.3580 / 1.3693 / 1.3743 / 1.3797
Support – 1.3413 / 1.3279 / 1.3185 / 1.3075 / 1.2986 /1.2890 / 1.2810 / 1.2750
*************************************************************************************
GBP/USD – Current 1.5930
Overview – Fall from 1.6050 gave nice profit