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.

The EURUSD holds the 1.4337 the first time

Posted by Greg Michalowski on Fri, 09/05/2008 - 8:08am in

EURUSD

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