We will be using the midpoint of the support zone to calculate retracement levels.
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The BAC resistance zone below the breakout point now serves as the support zone.
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Speaking of moral victories, the important support zone on the charts also held up under Korean fire yesterday.
Even with all of the dollar negative data though, the support zone slightly below 1.0300 has held sturdy.
The next big level would be 1352-1357, with the 20day moving average within this zone. 1340-1344 is a major support zone.
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That is an important support zone for traders to continue to monitor.
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If the rally stalls near current levels, a setback into this support zone over the near term should set up a new buying opportunity.
Even with the negative Chicago Fed data though, the loonie may still struggle to push through the 25 pip wide support zone found just below 1.0300.
The correction into June fell right in the middle of the 38.2% to 50% Fibonacci support zone, which set up a low-risk buying opportunity last June.
More specifically, if a breakdown on the charts (a break of a trendline, moving average, or support zone) occurs due to trading driven by algorithms being executed by a machine in response to six or seven other factors that have little to do with anything except the ability to make a buck on a 30-second trade, should it count?
The European Central Bank has finally unveiled its plans for when it will tail off its support for euro zone banks with cheap loans.
With new zone support, the ability to distribute workloads across multiple geographic locations, and the ability to bring up instances across zones, public cloud infrastructure is very reliable.
On the downside there remains a strong zone of support between about 1.0280 and 1.0300.
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As of this writing, this pair is testing a zone of support that sits between 1.0290 and 1.0300.
Major support is the 1190 zone, which coincides with the 50day and the area that was very important a few weeks back.
This difference is caused by using different platforms, and it should be thought of as a zone of support or resistance more than an exact level.
The Youth Zone will support an additional 250 NEETS (not in education, employment, or training), and the shop will also offer pre-employment training, literacy and numeracy support.
The European Central Bank will be in the spotlight this week as it launches the second round of its program to support the euro-zone banking system with the offer of unlimited three-year funds.
Still, two things seem certain: the process will take a long time and the next government will be even more reluctant than its predecessor to support big euro-zone bail-outs paid for by fiscal austerity at home.
For today I am leaving my support and resistance levels unchanged from yesterday at 1.5000 for support and then a zone between 1.5130 and 1.5140 for resistance as traders try to find a point of balance for this pair.
The European Central Bank's offer to buy unlimited quantities of the bonds of governments that have requested support from the euro zone's bailout funds has already eased fears of a euro break-up, serving as a reminder that it is always a mistake to underestimate the power of a central bank.
The US has decided to support a no-fly zone after initial reluctance to give its backing to the plans.
"The deployment will be defensive only and will not support a no-fly zone or any offensive operation, " it added.
In addition, these new apps were also improved to manage remote zone functions and support music playback in these zones.
But a failure to ratify would mean that Ireland could not qualify for future support from the euro-zone bail-out fund.
European stocks closed with just small losses overall and sovereign-bond yields fell from their highs, helped by positive U.S. economic data and support for Greece in the euro zone.
For today, I am leaving my support and resistance levels basically unchanged with the first level of potential resistance in the zone of 1.3100 to 1.3110 with initial support somewhere near 1.2840 to 1.2850.
The challenge grows with each different time zone or language you need to support.
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