Technical Analysis
EUR/USD
June 28, 2011.
Pivot Point: 1.4227
As expected, the EUR/USD couldn't break the major support level at 1.4100 for that the pair has rebounded on its support, it might resuming to 1.4400. With a 1.4415 minor resistance if won't break it easily then will know a range day between 1.4415 and 14215.
R3 1.4542
R2 1.4418
R1 1.4351
PP 1.4227
S1 1.4160
S2 1.4036
S3 1.3969
Signals:
1. Below 1.4415 look for further downside with 1.4300 and 1.4230 targets.
2. Buy positions above 1.4415 with target 1.4502.