Wednesday, 10 February 2010

EUR/USD technical analysis today 10/02/2010:

The currency pair still remains in downtrend position. Current price 1.3773. I will expect another fall towards 1.3600 later on today. On the other scenario if the currency pair breaks above 1.3900, I would expect another rise above 1.4050 zone.

Hourly support and resistance levels:

S:   1.3666    1.3700    1.3723
R:   1.3780    1.3814    1.3837

Current trend: BUY