EURUSD: Continues To Recover Nearer Term |
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EURUSD : A third-day of upside recovery was registered on Monday pushing the pair to as high as 1.5559.This is coming on the back of a corrective bounce off the 1.5285 low following its failure to hold below its strong support at the 1.5360/41 area, its May 02’08/Mar 24’08 lows/.382 Ret (1.4438-1.6018 rally) the past week. The pair’s May 06’08 high standing at 1.5593 will be targeted on any further strength from its present price levels with a break and hold above there setting the stage for
Filed under: Technical
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