EURUSD: Weakness Sees EUR Attacking Its LT Rising Trendline |
|
EURUSD : A follow–through on Friday and Monday’s weakness saw EUR attacking its LT trendline established since Feb’2006 today.Convincingly invalidating that level will leave the pair vulnerable to the downside towards its range breakout point at 1.4565.If the pair maintains its present weakness and closes lower today, resumption of its medium term decline is expected towards the 1.4364 level, its Jan 22’08 low and a distant support resting at the 1.4014 level, its Oct’07 low. The daily RSI
Filed under: Technical
Latest Posts
- Today’s Live Show: What’s in Store for the EUR in a Crucial Week Ahead?
- Comprehensive FX and Futures Daily Commentary
- Many markets are unstable at current levels
- Many markets are unstable at current levels
- Jobless Claims Fall Slightly, Labor Market Has Stabilized
- Market rates set to head upwards
- The Financials: market is down before the open on fears of bank reform and Greece’s issues
- Canada: Retail sales up 0.7% in January
- Best pair to trade now II: EUR/USD
- EUR/USD: No time for reversal yet
- Chart EUR/CHF Update: Support at 1.4340/50
- March inflation forecast now reads 1.4% yoy
- The U.S. dollar rallies for the third day
- Stock Traders focusing on Quadruple Witching
- U.S. Dollar strengthens Overnight; Risk Aversion Highlighted