Dollar - Euro

Both the dollar and euro have gone through resistance/support lines over the last couple of day. Where do the stand now?


Dollar

The dollar held the first support level for a couple of days, but sliced through it rather dramatically on Tuesday. It is now at the 50% level of retracement. Not a true Fibonacci level, but nevertheless, an important line. It has been holding for 3 days now. However, the next support line is a bit stronger at 78. It was resistance in October and is now support!


Euro

Exact opposite picture for the euro. The 1.34 line was a pretty strong resistance line having been tested 3 times in the last 3 months  - just like the 38.2% line for the dollar. But it was breached decisively on Tuesday. The euro is approaching the 50% line at 1.36, but once again, the next line at 1.37 is stronger. The is resistance at this level going back to March and April.