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Several words about the EUR/USD Future.

Resistance (daily close) :  1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400.

Break of the latter will give  1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660.

Break of 1.5660 would lead to  1.5865, 1.7280 и 1.9430(published on 23.10.2008).

Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700.

Break of the latter would give 1.1533, 1.1352 and 1.1181(published оn 23.10.2008).

Dow Jones :

Resistance(daily close) : 9382.12, 9744.26, 10 091.30, 10 935.23, 11 164.57, 344.92 and 11 520.30.

Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00.

Price action on AUD/USD, a daily chart of which is shown, has made a third bounce up off a key uptrend support line extending from the March lows.

This occurs within the context of a continuing sideways consolidation that is also plaguing several other dollar-based currency pairs.

Currently, after the noted trendline bounce, price has reached a short-term downtrend resistance line extending from the failed re-test of the 0.8260 high on 6/11/2009.

Any strong breakout above this short-term downtrend line should target yet another re-test of that high, which is the top of the current consolidation.

Downside support within the context of the current prevailing uptrend resides around the 0.7800 price region.

American Session

EUR/USD - Euro Dollar

1,4060. EUR USD is in a consolidation after the last bullish movement.

Bollinger bands are flat.

ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration.

4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD.

The consolidation should continue.

Silver's sidewya trading from 13.595 is still in progress and with 4 hours MACD crossed above signal line, intraday outlook is turned neutral for the moment.

Focus remains on 13.63 support.

Sustained trading below 13.63 will argue that whole rise from 11.725 has completed and probably is that from 8.4.

Focus will turn to trend line support at 13.00.

On the upside, above 14.425 resistance is needed to indicate that fall from 16.25 has completed. Otherwise, risks remain on the downside.

In the bigger picture, Silver's rally from 8.4 is treated as part of the wide range consolidation that started at 21.44 or resumption of long term up trend and has met target of 16.08 already.