Hello Traders in 2007.
USD loosing ground vs EUR and GBP.
EUR-USD - Resistance at 1,3245 was taken out, now pair testing nxt near 1,3290, above this level bulss will have a chance for 1,3325-64. Support at 1,3210-40. I will use this level for build new longs with sl below 1,3180.
GBP-USD - my long opened 28.12 saw limit earlier today at 1,9730.
Resistance at 1,9670 was taken out and bulls testing next resistance at 1,9730. Todays strong rise suggest that bulls still have chances for 2,00-01 level. Clear break 1,9730-9750 will open way twds 1,9845. Support: 1,9650-70 and 1,9580-9610. New longs should be open above resistance ( 1,9750 ) or on a sharp fall ( 1,9625-50 ). Fall below 1,9560-80 will cancel this bullish scenario.
Today: ISM index, tommorow: ADP and FOMC minutes and Friday: NFP,
Good Luck
Piotr
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