Forex Technical Analysis on Majors |
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EUR/USD Current level-1.4752 EUR/USD is in а downtrend from 1.6039 (15 July 2008). Technical indicators are descending and trading is situated below the 50- and 200-Day SMA, currently projected at 1.5677 and 1.5227. Yesterday's break above the crucial 1.4701 has set a inor bottom at 1.4629 and targeted the 1.4815 resistance. Crucial on the larger frames remains 1.4951 and intraday resistance comes at 1.4815. We hold on to our idea, that the downtrend from 1.6039 is not over
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