FX & CFD trading involves significant risk
Support 3: $1.3840
Comments: Rate corrected after yesterday's moves, but recovery still tight. Strong support comes at $1.3970/90 (yesterday's lows, also trend line from Jun 07'2010). Break below widens losses to $1.3950 and then - to $1.3840 (Jul lows). Resistance is near $1.4090 (Tuesday's NY high). Above there is a chance to test $1.4120/25 (50% of yesterday's fall). Further resistance comes at $1.4280 (Tuesday's high).
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.