17 January 2011

17.01.2011

Euro index trading at 105.70 after bouncing from the resistance level 106.80 - 107.00. Heading towards intraday support level 105.00 and lower to 104.25.



Interesting situation on Eurusd daily time frame. We have similar situation like at the beginning of the last year. Price has dropped from 1.44, then consolidated for 2 months to finally break to the downside and go for 1400 pips.

 

Dollar index trading at 79.40, heading to its intraday resistance level at 80.00.

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