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Forex Trade Alert EUR/USD and USD/JPY

Euro

The euro is in a strong primary down-trend. Talk of Greece being rescued by France and Germany may help to stem the decline at the $1.36 support level. Expect a test of the declining (orange) trendline. Breakout above the declining trendline on Momentum Oscillator (63-day) may provide advance warning of a trend change.

MONTHLY PIVOT ALERT: Support level of 1.3624 was broken today. When the monthly S1 is broken – we can look for a possible drop to the monthly S2 @ 1.3385.

The [R3] or the most extreme high trading range is 1.3860.

The [R2] or the extreme high trading range is 1.3777.

The [R1] or the high trading range is 1.3697.

The [P] or pivot point is 1.3614.

The [S1] or the low trading range is 1.3534.

The [S2] or the extreme low trading range is 1.3451.

The [S3] or the most extreme low trading range is 1.3371.

Japanese Yen

The Dollar is undergoing a correction against the yen, after making a new high in early January. Recovery above 93.00 would confirm a primary up-trend. Look for early warning from

Momentum Oscillator (63-day) crossing above the declining (purple) trendline.

The [R3] or the most extreme high trading range is 91.22.

The [R2] or the extreme high trading range is 90.81.

The [R1] or the high trading range is 90.39.

The [P] or pivot point is 89.98.

The [S1] or the low trading range is 89.56.

The [S2] or the extreme low trading range is 89.15.

The [S3] or the most extreme low trading range is 88.73.

4xGenie Support Team

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