EURUSD Analysis.
EURUSD traded in a narrow range between 1.4046 and 1.4226 on 4H chart. As long as the trend line resistance holds, we’d expect down trend to resume and deeper decline is still possible in a couple of days, target would be at 1.3800 zone. Only rise above the trend line resistance will take price back to 1.4500-50 area.

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This entry was posted on Wednesday, September 10th, 2008 at 01:17 and is filed under Short Term Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.