Forex Trading: EURUSD approaching resistance at 1.5571
By Greg Michalowski
Created May 6 2008 - 9:19am
The 1.5571 level is shaping up as good resistance. Have the 200 hour moving average and the 61.8% retracement level of the move down from the April 28th high to the low on May 2nd. I would expect sellers against this level this morning.