EURO/USD SUPPORT/RESISTANCE 6-4-07

BELOW ARE THE DAILY CHART SUPPORT RESISTANCE LEVELS FOR THE EURO/USD.

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Support/resistance is the cornerstone of any trading method. It is the most basic fundamental aspect of trading and is often over looked. After scanning the web to see what free info is out there to to teach you support and resistance I see that the info available barely scratches the surface. Therefore I will use this week to illustrate the concept.

This week I will be focusing my teaching on support and resistance. If you are new to trading, this is where you should start. This is the first level of knowledge that a trade must have in order to be a successful trader. So today I'm giving you the support and resistance levels for this market and I want you to watch how the market reacts to these levels.

Any entry or exit decisions should be made at these levels. intra-day trades should be made on intra-day chart pivots off these levels.If you enter between these levels you risk will be back to the prior level.

OVERHEAD RESISTANCE
3462
3540
3610
3677

UNDERLYING SUPPORT
3411
3340
3253

Jerry
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