EURUSD tests high price for day after bouncing off support
Written June 29, 2009 at 10:17 AM EST by Greg Michalowski
Commodities are moving higher this morning. Crude oil is at session highs up $1.60. This is hurting the dollar a bit.
The EURUSD bounced off the 38.2% retracement level of the last move higher at the 1.4039 level (low was 1.4043). With the market back near the highs for the day at the 1.4077 and most recently at the 1.4074, will the market find the sellers against this level?
A break has the 1.4117 level as the next target. This was Fridays high price.
Categories: Forex Trading | Tags: EUR/USD
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