Daily Technical Analysis On EURO & GBP & ENTRYS (23/09/2004

[JACK]

Hi Guys!
Euro continues to flirt with the top level of the 2004 triangle. Needs a significant daily close above 1.2280 to finnaly break out.
Euro support:
1.2300
1.2250
1.2180

Resistance:
1.2340
1.2380
1.2460

Gbp continues to trade in a 100 pip range. topside break looks possible from the momentum studies.
Gbp support:
1.8000
1.7950
1.7860

Resistance:
1.8060
1.8100
1.8200

Remember you don't have to trade everyday, look for good entry in important levels , watch trade lines and go with the flow( trend)

Happy trades

Jack