Forex Trading: EURUSD technical levels heading into the Trichet Press conference
Posted by Greg Michalowski on Thu, 08/07/2008 - 7:08am in
The 1.5510-16 level will be watched on the upside today. This is where the 100 hour MA and the high from yesterday is located. On the downside the low from the 5th was 1.5445, then 1.5398 which was the low price on August 6th.
On a surprise to the downside the low of the range that has contained the market since February is the 1.5284 level below that is the 200 day MA at 1.5212.
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