Demo Trading Account Open a Live Account Deposit Funds Account Forms FXDD Home
Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

Forex Trading: EURUSD trying to stay above support

Posted by Greg Michalowski on Wed, 07/02/2008 - 8:37am in

The EURUSD has broken above the June 9th high of 1.5843 and is looking to test the area to see if the bulls can remain in charge today.  The pair has retracement support down to the 1.5836 level.  A move below 1.5825 would not be good for intraday bull traders.  Watch these levels.