Published on FXDD (http://forex.fxdd.com)
The EURUSD holds the 1.4337 the first time
By Greg Michalowski
Created Sep 5 2008 - 8:08am

 As per the previous post, the market ran into resistance at the 1.4337 level (see previous post by clicking here [1]).  The level corresponds to the 38.2% retracement level of the move up from November 2005... See chart.

 If it is able to get to the level again, do not fade a break...Stops should kick in.


Source URL: http://forex.fxdd.com/trading-news/6273/eurusd-holds-1.4337-first-time

Links:
[1] http://forex.fxdd.com/trading-news/6271/forex-trading:-watch-1.4337-level-eurusd