Current level - 1.2464
A local high has been set at 1.2488 and current slide is just a corrective pullback, preceding next wave upwards, to 1.2560. Initial intraday support is projected at 1.2440 and crucial on the downside is 1.2380 break-out level.
| 1.2488 | 1.2560 | 1.2745 | 1.2960 |
| 1.2440 | 1.2380 | 1.2290 | 1.2130 |
__________
Current level - 79.29
The corrective pattern after the recent peak at 79.64 is still underway, but expect it to be limited above 79.02 support, which should provide a reliable basis for a rise towards 80.10-60 area. Key level on the upside is 79.53 intraday high.
| 79.64 | 80.10 | 80.60 | 81.45 |
| 79.02 | 78.60 | 77.90 | 76.00 |
__________
Current level - 1.5779
Yesterday's break above 1.5780 static resistance clearly shows, that the bullish bias is absolutely intact and I expect a continuation of the uptrend towards 1.5980. Current slide below 1.5804 should be considered corrective and I expect it to be limited above 1.5740 intraday support. Crucial on the downside remains 1.5680.
| 1.5842 | 1.5980 | 1.6050 | 1.6300 |
| 1.5740 | 1.5680 | 1.5490 | 1.5270 |
Source http://www.fxstreet.com/technical/analysis-reports/forex-economic-analysis/2012-08-22.html
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