DOLLAR OF THE USA
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Recommendations HSH Nordbank on dollar.
Euro
Resistance: 1,2325 (the Asian maximum); 1,2365/70; 1,2425; 1,2490
Support: 1,2260; 1,2170/90; 1,2150; 1,2060
EUR has closed day above 200-day MA (1,2172) and above day Bollinger. It confirms break from a range 1,20-1,22. From existing levels, 1,2270, we would look to buy in falling to 1,2210, having placed stop on 1,2150 and the purpose on 1,2360.
Yen
Resistance: 115,05/15; 115,60 (21d MA); 115,95; 116,50
Support: 114,15; 113,80; 113,40; 112,52 (200d MA)
Falling has stopped on 114,15. 21-day MA (115,60) should be punched by closing of day to restore any bull pressure. 200 dnevnyj MA has risen to 112,52. From existing level, 114,70, we would look to sell on from 114,95, having placed stop on 115,65 and the purpose on 113,45.
Analyst: Christians Eggers
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