Friday, May 18, 2007

Dollar Staged a Rally..

A second day of declines for euro brought the pair below 1.35 once again..but the euro is still holding well near the 1.3470 support level. There are no major news for euro tonight, so it is pure technical..here's my pivot calculation for today..
R2 = 1.3569
R1 = 1.3531
PP = 1.3503
S1 = 1.3465
S2 = 1.3437
Trade ideas = buy 1.3565, 1.3580, sell 1.3530
Good luck guys..

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