EURUSD: Weakness Sees EUR Attacking Its LT Rising Trendline |
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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
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