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Forex Trading: EURUSD's wild 30 minutes

Posted by Greg Michalowski on Thu, 08/07/2008 - 9:13am in

The last 30 minutes took the market to the resistance and back to the suppot outlined in the pre 8:30 comment (see comment by clicking here).  The top was 1.5502 versus the top resistance of 1.5510-15 and the downside support was 1.5398 versus a low of 1.5396.  The market is now calming down as it digests what it all means.