EURUSD: EUR Remains On The Defensive For A Third Day In A Row |
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EURUSD: EUR could be heading for a fourth day of consecutive downside losses having weakened and closed lower Thursday extending its decline off the 1.5817 high(May 27’08 high).While the pair was seen testing the 1.5460 low and trading below the 1.5510 level, its April 03’08 low in early morning today, risk continues to build to the downside suggesting a move further lower targeting the 1.5360/41 area, its May 02’08/Mar 24’08 lows/.382 Ret (1.4438-1.6018 rally) could follow and later its May
Filed under: Technical
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