Chinese EspaƱol Fri, 21 Nov 2008
head-search-back
News Calendar Charts Currency Rooms Forum Forex Trading Signals

advertisement

Euro Technical Outlook

Monday, 22 September 2008 14:47:24 GMT

Written by Jamie Saettele, Senior Currency Strategist

The EURUSD is approaching the Fibonacci retracement zone of the decline from 1.6040-1.3877.  The 38.2% is at 1.4667 and the 50% at 1.4919. 

This area is also a former congestion zone.  The bias remains bullish but expect resistance in this area this week.     

< Prev    Next > [ Back ]