Dow Jones and Forex recommended levels

September 29, 2008

EUR/USD

The main support for the day in EUR and USD is at 1.4363 and 1.4332 levels, somewhere correction is promising. Smash would furnish 1.4308 levels, where alteration might be possible, then comes 1.4286. A latter on smash would result in 1.4265 levels. If near by is a strapping impulse, traders could see 1.4244 levels. Continuation would give 1.4220 and 1.4198 levels.

The key confrontation for today in this pair is at 1.4448 and 1.4479 levels. Smash would furnish 1.4503, where an alteration is promising, after that goes 1.4537. A latter on smash would product in 1.4560. If waiting for a strapping impulse, than we could see 1.4583 levels. Continuation would offer 1.4604 and 1.4623.

USD/JPY

The key support for USD and JPY for the day is at 105.74, 105.30, 105.01 and 104.83 levels. A smash would furnish 104.51, where a slight correction is promising, then comes 104.25. If viewing a strong impulse, than we would have 103.82. Continuation can give 103.67 and 103.50 levels.

In addition, the key resistance in this pair for the day is at 106.58, 106.78 and 107.13 levels, where a alteration might take place. Break will bring 107.33 levels, where as well a correction might take place, then comes 107.52. If a strapping impulse, we could see 107.78. Continuation can give 108.04 levels.

DOW JONES INDEX

In Dow Jones Index its support for the day is at 11 070.12, 11 058.76 and 11 036.20 levels, where a hold and correction might take place. Latter on smash would give 10 985.63, somewhere a modification can also take place, then follows 10 954.70 level. Be I the market for a strapping impulse, we could see 10 893.75 levels. Continuation would bring 10 856.30 и 10 800.00 levels.

And the resistance for the day in Dow Jones Index is at 11 185.30 and 11 983.80 levels, where a hold up and correction might take place. Smash would transport 11 208.77, where a alteration may take place, then comes 11 238.75, where a hold up and correction is also possible. Be in the market for a strapping impulse, we could see 11 266.86 levels. Continuation will transport 11 296.44, 11 316.10 and 11 340.00 levels.