Zones of Support and Resistance 9/26/2012
The price continues to decline in a slow orderly fashion. It is important to pay attention to the support zones for a bounce and a possible continuation of the bullish trend. One key level is at 1.2745 where the high on the June 18 intersects with the current support trend line. I believe the strongest zone of support to be between 1.2515 and 1.2587 where the previous breakout occurred.
Zones of Support
1st: 1.2824 - 1.2809
2nd: 1.2745
3rd: 1.2662 - 1.2587
4th: 1.2515 - 1.2434
Zones of Resistance
1st: 1.2990
2nd: 1.3170
3rd: 1.3287
Zones of Support
1st: 1.2824 - 1.2809
2nd: 1.2745
3rd: 1.2662 - 1.2587
4th: 1.2515 - 1.2434
Zones of Resistance
1st: 1.2990
2nd: 1.3170
3rd: 1.3287
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.