FOREX ALERTS >>
DailyFX Plus Login

eur technicals

Article

Euro Technical Outlook
Monday, 24 August 2009 14:16:56 GMT  |  Jamie Saettele, Senior Currency Strategist
Delicious
Facebook

The EURUSD is threatening to break higher and test the December 2008 high of 1.4723.  A potential target is 1.5245, which is the 78.6% retracement of the decline from above 1.6000.  This level intersects with potential trendline resistance at the end of September.  1.4200/80 is a support zone and bulls are firmly in control as long as price is above 1.4044.

More Articles

Feedback Form