July 16, 2008

GMT  03:47

EUR/USD

Today’s support: -  1.5868 and 1.5840(main), where correction is possible. Break would give  1.5814, where correction also may be. Then follows 1.5781. Break of the latter would result in 1.5750. If a strong impulse, we would see 1.5728. Continuation will give 1.5716 and 1.5694.
Today’s resistance:  - 1.5955, 1.5973 and 1.5997(main). Break would give 1.6023, where a correction is possible. Then goes 1.6054. Break of the latter would result in 1.6076. If a strong impulse, we’d see 1.6098. Continuation will give 1.6120.

USD/JPY

Today’s support: - 104.13(main). Break would bring 103.89, where correction is possible. Then 103.64. If a strong impulse, we would see 103.53. Continuation would give 103.29.
Today’s resistance: - 105.08 and 105.30(main), where a correction may happen. Break would bring 105.53, where also a correction may be. Then 105.78. If a strong impulse, we would see 105.96. Continuation will give 106.12 and 106.31.

DOW JONES INDEX

Today’s support: - 10 957.50 and 10 930.78(main), where a delay and correction may happen. Break of the latter will give 10 884.36, where correction also can be. Then follows 10 856.20. Be there a strong impulse, we would see 10 819.68. Continuation will bring 10 800.00.
Today’s resistance: - 11 008.13 and 11 036.30 (main), where a delay and correction may happen. Break would bring 11 059.00, where a correction may happen. Then follows 11 092.50, where a delay and correction could also be. Be there a strong impulse, we’d see 11 129.25. Continuation would bring 11 137.50 and 11 161.20.