$EURUSD in the meat of the trading range
Written January 5, 2010 at 9:21 AM EST by Greg Michalowski
The EURUSD is back in the meat of the trading range over the last few days. The bottom is defined by support at 1.4400 and the topside is defined by 1.4432/37. The price is currently below the 100 and 200 bar moving averages on the 5 minute charts and this gives a bearish intraday bias. A break of the 1.4400 level should lead to further selling pressure with the 1.4370 level being the next downside target, with
Categories: Forex Trading |
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