DOLLAR OF THE USA
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Recommendations HSH Nordbank on dollar.
Euro
Resistance: 1,2250; 1,2295; 1,2325; 1,2360
Support: 1,2185; 1,2160; 1,2105
EUR has already fallen. The test 200-daymoving (1,2160) looks probable, support should be strong. Further support can be expected around a trend line on 1,2105. We would look to buy in falling to 1,2165, having placed stop on 1,2095 and the purpose on 1,2295.
Yen
Resistance: 116,85; 117,25; 117,60; 118,20
Support: 115,75; 115,37 (21d MA); 114,50 (trendline); 114,10
Predictably, the market has gone above - through a barrier on 116,00. This movement has potential in 117,50/60 where is day Bollinger and cloud Ichimoku which will provide firm resistance. The bottom party should be limited 115,40 now. We would look to buy in falling to 115,90, having placed stop on 115,30 and the purpose on 117,20. On the other hand, we would look to sell from 117,20 with stop on 117,70 and the purpose on 116,10.
Analyst: Christians Eggers
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