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EURUSD Short Term Trend Changing?

Wednesday, 24 September 2008 18:50:48 GMT

Written by Jamie Saettele, Senior Currency Strategist

The EURUSD drop from 1.4746 presents a very short term bearish opportunity against that level.  Resistance should be strong in the 1.4690-1.47 zone.  A drop below 1.4629 would warrant a short term bearish bias, for a test of 1.4570.  Coming under 1.4542 would suggest that somthing 'more bearish' is in the works.

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