Added on 12.22.2004 at 07.01 GMT
EURUSD
A new rally towards 1.34 is possible since the support key at 1.3350 was strong enough to hold the last tests.
A test of the first resistance level at 1.3405 is expected. Next resistance levels are seen at 1.3430 followed by
the Dollar record low at 1.3470.
Current price is 1.3365
Trading strategies:
Long at 1.3355, t/p @1.3405, s/l @1.3320
USDJPY
Support was found at 104.20. First resistance key is seen at 104.50 (also the 38.2 Fibonacci Retracement of 106.25->103.40)
Current price is 104.33
Trading strategies:
Short at 104.50, t/p @103.90, s/l @104.70
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