Published on FXDD (http://forex.fxdd.com)
Forex Trading: EURUSD better bid in NY but in between Support and resistance
By Greg Michalowski
Created May 5 2008 - 9:43am

Commodities and oil are higher this morning.  This tends to lead to a lower dollar.  The EURUSD has moved above the 21 hour moving averagae and seems to have bottomed for the time being.  A target level would be the 100 hour moving average at the 1.5520 area.  Support comes in at the 21 hour moving average at 1.5451.


Source URL: http://forex.fxdd.com/trading-news/3859/forex-trading%3A-eurusd-better-bid-ny-between-support-and-resistance