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Thursday 21 August 2014

Daily Technical Analysis 21 AUG 14

EUR/USD:

       
EURO Yesterday breaks and close below the  important support level 1.3270. Eur is supported by 1.3250 minor Weekly resistance. Further downside could be expected for this week.

S3
S2
S1
R1
R2
R3
-
1.3152
1.3224
1.3270
1.3304
1.3352

 GBP/USD:



After sterling open gap in starting of this week and fell sharply and breaks the important support level first 3 days of trading. We can expect further weakness on sterling could find support at 1.6540 and 1.6429.

S3
S2
S1
R1
R2
R3
1.6358
1.6429
1.6543
1.6616
1.6673
1.6728

USD/CHF:


 USD gains some momentum through out this week and trade above Weekly pivot resistance R2. Yesterday usd breaks some important resistance level 0.9100 and close above that level. So we can expect further upside 0.9175 and 0.9214. The minor weekly Gann resistance level 0.9180 also there.

S3
S2
S1
R1
R2
R3
0.9047
0.9075
0.9130
0.9175
0.9214
0.9265

 USD/JPY:


Due to strong USD this pair breaks the 103 level yesterday and rallies through 104 level. We can expect further upside 103.42, already USD breaks the Daily R1 level at 103.75.

S3
S2
S1
R1
R2
R3
102.69
103.05
103.55
103.75
104.32
105.56

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