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EUR/USD

EUR/USD

2009-12-01 14:35:00
Thomas Long, Course Instructor
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eurusd

Technically speaking, the uptrend will remain as long as this pair can stay above the 1.4626 low of November 3rd. However, a move down through the 1.4827 low might be a good indication of changing sentiment, at which time the better play might be to look elsewhere for a trade.
 

I would continue to look for buys as long as the EUR/USD can stay above the 1.4827 level. A move down through that level would not mean a trend change, but to me, would be a signal to adopt a neutral bias.

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