8/26/2008 – EUR/USD – Long-term price action on the EUR/USD daily chart, as shown, has come down a long way to approach the very significant uptrend line that has served as dynamic support since at least the beginning of 2006. This long-term uptrend support line is represented on the chart by the long green line. Any further bearish price action should find strong support around this line, which is currently located around the 1.4400-1.4450 region. Oscillators like the displayed Stochastics are just emerging from oversold territory and pointing up. Any significant turn back up between the current price and the ... (full story)