Wednesday, February 2, 2011

Forex | EUR/USD | Morning Analysis | 3 February 2011

Forex | EUR/USD | Morning Analysis | 3 February 2011

Today's support: The 1.3770 line is important today.

A possible move below could give the 1.3736 level a test. We the have the 1.3714 level. A mover lower here could result in 1.3683 level visited.

Today's resistance: 1.3893 and 1.3907are the main resistance levels today. A move above those areas might cause a bullish model up towards 1.3926. Looking higher we see the 1.3948 level. Any move past this line could see a test on 1.3972.

February 3, 2010 - by David Frank, Financial Analyst, Ava Fx