Sept 22 2009 Forex Midday Report

Written September 22, 2009 at 12:39 PM EST by  
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The NY morning has seen the EURGBP have an influence on the GBPUSD. This helped push that pair to new highs for the day but upside resistance held. The EURUSD meanwhile has consolidated at new highs. A move below 1.4766 – the prior low – is needed to hurt the bullish picture. To hear about these developments and get a feel for what may transpire this afternoon watch the report.

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Greg Michalowski
Shawn Powell

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