Not much in the way of support until the 20-day MA at 1.3890 but it is the previous low at 1.3800 and the 38.2% retracement at 1.3780 which provide the stronger base. Resistance levels are also scarce until 1.4050/65, a prior high/low pivot level.
EUR/USD technicals
Source: www.forexlive.com

- Tags:
- Forex
- EUR/USD
- technicals
Read more...
FOREX VIDEO REVIEW: London Session July 10th, 2009
Asia into London found us simply continuing the recent Japanese Yen strength against all comers. While shorting any of the Yen pairings was very viable, in this video I highlight how we built a trade plan around shorting the Eur/Jpy just after the London market opened, which ultimately reached our...
Another bearish Euro piece from AEP
Ambrose Evans Pritchard is certainly consistent and it seems that this time he is taking his ‘facts’ directly from the source so there is less chance of him manipulating/massaging information to suit his case. That said, hearsay and chatter from the European banking world would seem to...
FOREX-Dollar falls, euro pushes above $1.40
By Steven C. Johnson NEW YORK, June 9 (Reuters) - The dollar ended a two-day winning streak on Tuesday and fell against major currencies as investors ... See all stories on this...
More put buying by the Big Guns
A US investment house has been a big buyer of 1.3600 puts today, expiring a week from tomorrow. Last week they bought a half-yard of 1.3800 puts which roll off tomorrow. They are now sellers of spot on rallies to 1.3900, dealers report. This same name was an aggressive buyer of EUR/USD above the...
France plays down AAA loss
French President Nicolas Sarkozy was on a visit to Spain as his country mulled over S&P’s downgrade. His finance minister said...