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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (25826)	3/17/2005 10:04:38 AM
From: Haim R. Branisteanu	Respond to of 116555

17 Mar 2005 15:00 GMT BULLET: MNI EURO-DOLLAR TECHS:............................... MNI EURO-DOLLAR TECHS: RES 4: $1.3495 Daily high 4 Jan RES 3: $1.3480 Daily high 11 Mar RES 2: $1.3440 Daily high 14 Mar RES 1: $1.3370 50.0% of $1.3340 to $1.3420 CURRENT LEVEL: $1.3360 SUP 1: $1.3330 76.4% of $1.3440 to $1.3290 SUP 2: $1.3280 Channel base line from 10 Feb SUP 3: $1.3190 38.2% of $1.3480 to $1.2730 SUP 4: $1.3175 Daily low 7 Mar COMMENTARY: Downside pressures persist, with low at $1.3340 not really a notable support level, suggesting risk of further downside action. Support is noted at $1.3330 and break below here favours move to channel support line at $1.3280, which is now pivotal. Provided by: Market News International