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$EURUSD moves toward target support at 1.4880/86 area

Written November 12, 2009 at 10:13 AM EST by Greg Michalowski 

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greg19

The 38.2% retracement and the 200 hour MA is found at this area at the level.  The 38.2% retracement comes in at 1.4886 and the 200 hour MA comes in at 1.4880.  There should be some support at the level. A break will target 1.4836 next.

Categories: Forex Trading  |  
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