Tue, Mar 25 2008, 10:29 GMT
by Timothy Straiton
Currrent level at 11:28 CET is 1.5543, trading above the daily pivot point level of 1.5405 and also above second resistance marked at 1.5520. Hourly Bollinger and standard error bands are poised to the upside and we are trading above the hourly Ichimikou cloud top which is currently at 1.5474. Further upside resistance levels are to be encountered at 1.5554, 1.5620 and 1.5685, which represent the Fibonacci 38.2, 50.0 and 61.8 percent retracement levels of the recent 1.5901 - 1.5339 range. Pivot point related support levels for today are set at 1.5365 and then 1.5295.
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