EURUSD: Recovers, The 1.4814 Level Seen Resistance |
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EURUSD : EUR saw a sharp recovery Tuesday reversing its intra day losses to close higher, its meaningful positive close since its decline through key support levels at the 1.4967/51 zone (its range highs from Nov’07 and Jan’08/.618 Ret) and the 1.5302/1.5283 zone, its May/June’08 lows. This technical development now leaves the pair targeting its August 12’08 low at 1.4814 where a break will aim at stronger levels at the 1.4967/51 zone and the 1.5302/1.5283 zone. Recoveries are seen as
Filed under: Technical
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