EURUSD: Corrective Weakness May See The Pair Eyeing The 1.5364 Level |
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EURUSD: After halting its decline off the 1.5817 (May 27’08 high) and trading to as high as 1.5842 (Intra day high) on Monday,EUR subsequently collapsed to close lower at 1.5646 at the end of the session. It was seen heading further lower in early morning trading today leaving the next downside target at its Jun 05’08 low at 1.5364 as the next downside objective. Although a clean break and hold above the 1.5817 level is required to open up risk towards the 1.6018 level, its YTD high, losing
Filed under: Technical
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