Eur/Usd(ERO) Claws Its Way Higher In New York
By David A. Moore
February 02, 2010 11:59 AM
February 02, 2010 11:59 AM
After a tough couple of weeks for the Eur/Usd.The Euro has been moving out of oversold territory as it makes an attempt to breach the 1.40 level.The Euro needs to close the 4 hour candle above 1.3965 before we can see any attempt to break 1.40 level with resistance pegged at 1.4025 near term.The downtrend channel comes in at the 1.4075 level laying down heavy resistance.
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