FOREX EUR/USD 13th August 2008

Euro Daily

All spreads found support at the Weekly lows on Tuesday, with each spread reversing 95 pips off the lows.

However, the Euro was the only one not to reverse back down and close below Tuesday's lows during US trading hours.

Brown filter support during GMT hours.

note:- 3-day filter is random resistance.

In any down trend this would be used as a swing point and a 'sell' zone.

When price bounces off the Weekly lows, this can still be a resistance zone (41 pips), but often is the case price can continue higher and 'breakout' ,which normally occurs during US trading hours :- higher daily close.


  • All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
  • Exact levels shown for current day aren't confirmed until midnight GMT

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