12 April 2006

The Channel still intact

Euro
Yesterday low for Euro was not break the trendline of the channel at 1.2062. Euro still go for bull and the targer still at 1.2316. Unless close below 1.2050 will go for a bearish to 1.1950 again. Break 1.2174 will test 1.2204 then headed to 1.2300.

Support : 1.1950/1.1990/1.2073
Resistance : 1.2174/1.2204/1.2316

CHF
Same as Euro, channel in CHF remain unbroken. Bearish trend pretty much a favor for a test to 1.2905-1.2814 . But if close above 1.3039, next target will be 1.3141 and the trend slightly has changed.

Support : 1.2797/1.2905/1.2935
Resistance : 1.3031/1.3069/1.3141

"Good Day and Good Luck"
Yahoo ID: rakhmat_saleh (+62-813-111-90993)