EUR/USD Technical outlook5/2/2009

The EUR / USD decline to the levels of major support at 1.2805, which represents the current level of 76.4% Fibonacci correction. We note the possibility of forming a technical pattern is far from encouraging the level of fracture intersects with key support 1.2805, which may give the spouse acceleration towards the achievement of the objectives of the expected landing at 1.2545. We expect increased pressure for the determination of indicators of price levels around 1.2885 and then decline towards breaking the pattern and technical achievement of the objectives referred to. Levels of trading today may be the level of support between 1.2623 and 1.3318 resistance level is far from encouraging the general trend towards the lower level of firm targets at 1.4712 and 1.2623 and 1.2505