EURDOLLAR Sep09 Contract
By Zeyn at 8 September, 2008, 9:25 am
Resistance 96.7130 a break above would lead to 96.7830
Support 96.5540 a break below would lead to 96.5070
It has broken the 26 and 200 day moving average a close below 96.6380 would signal a further move down.
MACD signaling a sell and momentum slowing.
This is from a daily perspective.
Looking at the Hourly the EUR$ looks bid.
I personally think that the futures will rally to about 96.7830 before a move down it to 96.50’s
Categories :
currencies | forex
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