August 2, 2013

EURUSD Support and Resistance levels

  • Crucial support for EURUSD at the 23.6% Support level of 4 Hour chart.
  • Broken support line and the levels shown in last chart may act as resistance.

ES Support levels

  • If the correction extends the broken resistance lines of the ascending triangle and 23.6% Fib level may act as support. Weakness only if price starts to trade below these levels.

ITC Trend update

  • ITC is falling towards its up trend line and 100 Day sma.
  • Weekly chart is showing a potential bearish setup. Bigger correction on price closing below 20 Week SMA.